Gupta lieutenant Eric Wood should be investigated for contravening the Public Finance Management Act, says acting chief justice Raymond Zondo.The troubles of former Transnet top brass Brian Molefe and Anoj Singh together with other alleged Gupta lieutenants have escalated as acting chief justice Raymond Zondo reiterated the recommendations of a three-year-old National Treasury forensic investigation that they should be investigated for crimes.
A forensic investigation undertaken by Fundudzi Forensic Services on behalf of the National Treasury in 2018 found that Regiments had issued an invoice amounting to R79.23m to Transnet in respect of the “Risk Share — 1064 Locomotives Foreign Exchange and warranty bonds”. In 2018 Transnet approached the Johannesburg high court, suing Molefe, Singh and Regiments Capital and wanting them to pay back the R79.23m plus interest. “In addition to wanting people to go to jail we want the taxpayers' money to come back,” Transnet board chairperson Popo Molefe said at the time.
He also recommended further investigations of fraud, corruption and racketeering against Wood, Transnet’s group treasurer Phetolo Ramosebudi, the inside man for Regiments, Gupta lieutenant and mastermind Salim Essa, and Trillian, a company owned by Wood in the R93.4m Club Loan contract in 2015.
Source: News Formal (newsformal.com)
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