Mystery behind R100K deposit in tender-rigging court case

Durban - How R100 000 got deposited into the personal bank account of an accused in the nearly half-a-billion-rand Durban Solid Waste tender-rigging matter has come under scrutiny in one of the city’s biggest corruption scandals.The State, on Thursday, was granted a three-month postponement so it could finalise its 350 000-page audit report that delves into the kickbacks and corruption allegations against the 17 accused.

According to the Financial Intelligence Centre Act of 2001, accountable institutions are required to keep a record of every transaction it handles so it could be readily reconstructed.What piqued the team’s curiosity further was other branches of Nedbank, in five separate instances, some before and after the R100 000 cash deposit was made, required the depositor’s personal details even though the cash deposits on each occasion was far smaller.

The specific information that Lucken and her team required was the name, ID number and mobile number of the person who made the R100 000 deposit. The magistrate said he had no reason to dispute Cassim’s evidence and that it was Nedbank’s policy in only some circumstances to request certain information, as a result the matter could proceed no further.

She confirmed that the inquiry was related to a current criminal investigation and if Nedbank was insistent on seeing the related affidavit, it was welcome to approach the High Court.

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