Transnet recovering billions lost by directors, Gupta-linked firms - Popo Molefe

newsletter hereHe was asked by evidence leader Paul Pretorius what steps the board is taking to take corrective action against executives who had been implicated."We have begun a process of recovering monies we have identified ... ," Molefe told the commission.

Civil actions have been instituted against Gupta-linked companies too, R189m is being sought from Regiments Capital and R145m is being sought from Trillian. Molefe said that there has been a pattern of service providers being paid by Transnet before any work has been done. These executives include former CEO Siyabonga Gama – from whom Transnet is trying to recover R323m, former CEO Brian Molefe - from which R79m is being sought, former CFO Anoj Singh – from which R303m is being sought, former CFO Garry Pita - from whom R335m is being sought, former Treasurer Phetolo Ramosebudi – from whom R282m is being sought and former group supply chain officer Edward Thomas - from whom R11m is being sought.

'hang the Kaiser'

The Gupta family achievements should be written in the Genius Book of Records....they deserve it👏👌

I call BS! That money is LONG gone

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