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Former Transnet executives including, Brian Molefe and Siyabonga Gama, in court over alleged R93 million locomotive tender fraud
Manage episode 491676441 series 2825637
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Four former Transnet executives are appearing in the Palm Ridge Magistrates court, in Ekurhuleni after handing themselves over to police this morning. Their appearance is linked to an alleged fraudulent 93-million-rand locomotive tender. In 2012, Transnet went on a tender for the acquisition of the more than one-thousand locomotives deal. The executives are charged in connection with an irregular payment of R93,4 million to Trillian Asset management for organising a R30 billion loan to help buy locomotives. It's alleged it was a double payment as Transnet had already paid another transaction advisory firm - Regiments. Trillian allegedly did nothing to earn the fee but invoiced Transnet.
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Manage episode 491676441 series 2825637
Content provided by SAfm. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SAfm or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Four former Transnet executives are appearing in the Palm Ridge Magistrates court, in Ekurhuleni after handing themselves over to police this morning. Their appearance is linked to an alleged fraudulent 93-million-rand locomotive tender. In 2012, Transnet went on a tender for the acquisition of the more than one-thousand locomotives deal. The executives are charged in connection with an irregular payment of R93,4 million to Trillian Asset management for organising a R30 billion loan to help buy locomotives. It's alleged it was a double payment as Transnet had already paid another transaction advisory firm - Regiments. Trillian allegedly did nothing to earn the fee but invoiced Transnet.
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Similar to Update@Noon
America is divided, and it always has been. We're going back to the moment when that split turned into war. This is Uncivil: Gimlet Media's new history podcast, hosted by journalists Jack Hitt and Chenjerai Kumanyika. We ransack the official version of the Civil War, and take on the history you grew up with. We bring you untold stories about covert operations, corruption, resistance, mutiny, counterfeiting, antebellum drones, and so much more. And we connect these forgotten struggles to the ...
…
continue reading
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continue reading
If you’re reading this, chances are you’re not an undecided voter. But if you don’t want Donald Trump to become president again, between now and November you’ll need to convince as many as you can to cast their ballot for Joe Biden. With the help of some of the smartest strategists, pollsters, and organizers in politics today, host Jon Favreau explores the minds of voters who will decide the 2024 election, and gives you everything you need to persuade the persuadables in your life. Season 4 ...
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continue reading
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continue reading
Weekly wrap of events of the week peppered with context, commentary and opinion by a superstar panel. Click here to support Newslaundry: http://bit.ly/paytokeepnewsfree Hosted on Acast. See acast.com/privacy for more information.
…
continue reading
The news you need to know today — and the stories that will stick with you tomorrow. Plus, special series and behind-the-scenes extras from Here & Now hosts Robin Young, Scott Tong and Deepa Fernandes with help from Producer Chris Bentley and the team at NPR and WBUR.
…
continue reading
And we are The Non-Prophets!... airing on the first and third Sunday of every month, starting at 3:00 PM Central (01:30-03:00 UTC) on our Youtube channel: https://www.youtube.com/thenonprophetsaca. The Non-Prophets focuses on atheism and the separation of church and state. Become a supporter of this podcast: https://www.spreaker.com/podcast/the-non-prophets--3254964/support.
…
continue reading
A comprehensive roundup of the major stories from the region and the people involved and affected by them.
…
continue reading
The Official AWS Podcast is a podcast for developers and IT professionals looking for the latest news and trends in storage, security, infrastructure, serverless, and more. Join Simon Elisha and Hawn Nguyen-Loughren for regular updates, deep dives, launches, and interviews. Whether you’re training machine learning models, developing open source projects, or building cloud solutions, the Official AWS Podcast has something for you.
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continue reading
The UK Column is an independent news organisation analysing the information war. Operating without financial backing or external investment, we remain free from advertisers, foundations, and political parties, relying solely on support from our audience through memberships and donations.
…
continue reading
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