Zondo hears how millions were squandered at Transnet as Mahomedy concludes testimony | IOL News

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StateCaptureInquiry: Zondo hears how millions were squandered at Transnet as Mahomedy concludes testimony

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Johannesburg - Transnet acting chief executive officer Mohammed Mahomedy has told the Zondo commission in detail how Transnet squandered millions to Gupta-linked companies. The new Transnet board, which was appointed in early 2018, undertook to review contracts issued by the SOE. Mahomedy told the commission how Gupta-linked Trillian Capital was paid millions for services it did not provide.

“For the SWAT invoices; this amount was refunded to Transnet in December 2016 and we believe no work was executed by Trillian for that payment,” he said. Two Transnet executives, group procurement chief Gary Peters and supply chain manager Edward Thomas, signed off on most the payments and simply wrote “work done” on invoices.

The Transnet board committee approved the ballooning of the contract which would have seen Nkonki being paid close to a billion rand. Mahomedy said the contract was stopped and Transnet did not pay the money.

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