Home South Africa News Internal syndicate operating at Transnet: Molefe

Internal syndicate operating at Transnet: Molefe

Transnet train

Transnet’s board chairperson says there’s a syndicate operating at the company that’s hellbent on destroying it.

Popo Molefe said members of this syndicate are sworn to secrecy.

Three senior Transnet executives, including group chief executive Siyabonga Gama, were served with precautionary suspension notices this week.

The allegations against them are related to a multi-billion-rand procurement deal for over a thousand locomotives.

Further investigations will be conducted to establish the full extent of the misconduct.

Transnet train

Molefe confirmed the organisation is continuing to “unearth malfeasance that has happened” and said there will be many more who will be suspended, charged and disciplined.

‘We’re also going after those who have already left the company. The fact that they have left the company doesn’t make them immune to criminal prosecution or civil actions to recover the monies,” Molefe said.

A draft Treasury-commissioned investigation into the Gupta family’s alleged five-year looting spree at Transnet and Eskom revealed that the Preferential Procurement Policy Framework Act was not applied during the evaluation of the locomotives tender.

The Transnet executives have until Monday to make written submissions as to why they should not be suspended.

Source: eNCA

Also, read

Cash heist accused claims police torture

Mcebisi Jonas & Vytjie Mentor to testify during the State Capture…

Convicts escape from police through car roof