Transnet sues to get Trillian millions back
Transnet’s lawyers, Mncedisi Ndlovu & Sedumedi (MNS) Attorneys, have served summons on Gupta-linked Trillian Asset Management and its subsidiary, Trillian Financial Advisory, and five former and suspended employees, demanding they pay the company a total of R145m in three lawsuits filed at the Gauteng High Court (Johannesburg), says a City Press report.
Fresh summons were served on former chief financial officer Anoj Singh, Singh’s successor Garry Pita, former group chief executive Siyabonga Gama, former treasurer Phetolo Ramosebudi, and suspended Transnet Engineering boss Thamsanqa Jiyane.
Transnet is demanding R93.5m from Trillian Capital for work it paid the company but which it claims was, in fact, performed by staff of another Gupta-linked company, Regiments Capital; it wants R41m allegedly paid in error to Trillian, and in its third claim, it is demanding Pita, Jiyane and its former supply chain officer, Edward Thomas, repay R11.4m, alleging the three colluded with Trillian Capital to defraud Transnet.
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