Some Transnet executives only learned of irregularly awarded contracts through the media, the state capture inquiry heard on Wednesday from the state-run freight rail’s acting chief executive.
The commission of inquiry has been investigating allegations of state capture, corruption and fraud since August 2018.
Mahommed Mahomedy told the commission of inquiry into state capture — chaired by Deputy Chief Justice Raymond Zondo that a review of contracts by the new Transnet board uncovered a serious disregard for processes and management structures in the appointment of service providers. Executives at Transnet had been “completely ignorant” that certain transactions had occurred and first learnt of them through media, he said.
The new board also reviewed contracts awarded to Gupta-linked companies Regiments Capital and Trillian Capital which, Mahomedy said, appeared had taken over the role of Transnet’s treasury department in raising funds.The relocation of two original equipment manufacturers for the assembly of locomotives from Johannesburg to Durban, a contract valued in excess of R1.2-billion, was also reviewed.
Earlier in May, Transnet board chairperson Popo Molefe testified that the entity was ground zero for state capture. He referred to former executives Brian Molefe, Siyabonga Gama and Anoj Singh as the “architects of capture”, saying corruption at Transnet was “endemic”.
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