Johannesburg - The State Capture Inquiry has heard details about the suspicious property purchases allegedly by former Prasa chief executive Lucky Montana, through a shell company.
Van der Walt had been a lawyer at a law firm called Loubser van der Walt Inc and has since left the law firm and the country. The first property was in Waterkloof, worth R11 million. Montana had initiated the sale and had met with the owner. In this particular property, Oellermann said there was an issue with transfer costs and the owner approached Montana but the payment was later made by Precise Trade and Invest. '
In this instance, when Montana requested the registered name be in Precise Trade and Invest, the attorneys and the property owner refused and the property was eventually registered in Montana's name. Van der Walt had done legal work for Siyagena. TMM Holdings has links with Siyagena Technologies as some directors, such as a Mario Ferreira, were also involved in TMM and Siyagena.
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