In December 2019, the high court in Johannesburg set aside five of the contracts concluded between Transnet and entities where IGS was involved.
However, Varachia said some of the income he claimed to have made did not reflect on his bank statements.When asked by SIU counsel Paul Kennedy SC why Varachia had probed statements from 2010, he said when explaining his income from 2015, Msagala hadMsagala also said he received rental income of R222,000 from those properties between 2009 and 2010.
Varachia told the tribunal that the SIU probe of Msagala's bank accounts established that only R85,000 was deposited into the Nedbank account between 2009 and 2010. The trial into the alleged financial irregularities involving Msagala, which got under way in the Special Tribunal on Monday, continues next week.
Source: News Formal (newsformal.com)
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RSASIU Freeze all his assets and arrest him - he will start singing worse if you give him a Plea Deal