Transnet under scrutiny at state capture inquiry

The state capture inquiry heard on Monday how Transnet paid millions to companies who did not provide any services.

JOHANNESBURG - The state capture inquiry heard on Monday how Transnet paid millions to companies who did not provide any services.

Evidence leader Paul Pretorius set the scene for coming evidence.

READ: Transnet gets new CEO

No one took the stand on Monday but a number of witnesses will be called in the course of the week.

"There is no doubt that money has been lost [...] vast amounts of money have been lost," Pretorius said of alleged corruption, fraud and state capture at Transnet, before raising the importance of function at Transnet.

Transnet board chair Popo Molefe is due to testify on Tuesday.

READ: Transnet issues suspension notices

He's expected to shed light on how the Transnet board allegedly cooperated in the looting of the rail organisation.

Source
eNCA

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