SOEs go after looted millions
State-owned entities (SOEs) looted during the state capture years, are lodging civil claims worth millions in a bid to recover monies stolen during the state-capture years, says a Business Day report.
Transnet has lodged civil claims amounting to more than R400m against former executives and Gupta-linked companies.
There are five cases before the court and parties are exchanging pleadings, Transnet said yesterday. It is making claims against former CEOs Brian Molefe and Siyabonga Gama; former CFOs Anoj Singh and Garry Pita; former treasurer Phetolo Ramosebudi; former Transnet Freight Rail chief procurement officer Thamsanqa Jiyane; and former group supply chain official Edward Thomas.
All the executives are defending the claims.
The company also has claims against Regiments Capital and Trillian Capital, both Gupta-linked companies implicated in state capture. The NPA is yet to successfully prosecute anyone implicated in state capture, during which grand scale looting of SOEs took place, adds the report.
Another SOE seeking to recoup losses is Denel, which has lodged civil claims against four executives involved in the irregular awarding of pilot bursaries. The company would not name the executives, BusinessLIVE reports.
In 2018, it was revealed that former North West Premier Supra Mahumapelo's son had been granted a questionable R1.1m bursary to become a pilot. This resulted in former Denel group CEO Zwelakhe Ntshepe, who has also been implicated in allegations of state capture, resigning in May of that year after it was reported that he had given Mahumapelo's son the bursary.
In August, Denel announced it would start taking legal action against former executives, which could include former President Jacob Zuma's lawyer Daniel Mantsha, following several forensic investigations into alleged fraud and misappropriation of funds.
Mantsha was a well-known Gupta associate and implicated in a tranche of e-mails leaked in 2017, which, among other things, showed how he had liaised with the family when taking certain decisions at Denel.
In October 2018, the Denel board announced it had appointed a panel of forensic investigators to probe procurement irregularities and was working with the Special Investigating Unit to identify and root out any corruption in the company.
Denel yesterday said in respect of other investigations it was assessing the damages or losses incurred by the company before further cases may be instituted.
'It is anticipated that further cases will be lodged before the end of our financial year,' spokesperson Pam Malinda said, adding that Denel has also filed two criminal complaints with the police for further investigation.
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