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The Zondo Commission is hearing flow of funds evidence in relation to Gupta contracts from Paul Holden, a researcher at Shadow World Investigations.
The Transnet Second Defined Benefit Fund (TSDBF) has launched urgent court proceedings in a bid to sequestrate Eric Wood. Wood was the chief executive officer of the now defunct Trillian Capital Partners, a financial advisory firm embroiled in the State Capture scandal. The TSDBF says it has claims in excess of R300-million against Trillian and says Wood’s personal estate is insolvent. It accuses the Johannesburg businessman of having committed various acts of insolvency that prejudiced creditors. It cites, as examples, Wood allegedly having flogged a R3-million McLaren to a luxury car de...
Regiments Capital claimed more than R600-million in professional fees as taxable deductions — a large chunk of payments it had made to several letterbox companies. Those include the controversial Gupta-linked front company, Homix, that extracted just more than R139-million in 2015 and 2016 from Regiments. This is according to a tax audit carried out by the South African Revenue Service (SARS) into the company’s affairs for the period 2014 to 2016. Audits for 2017 to 2019 are still under way. Regiments Capital was a highly successful financial advisory company until it was exposed in the...
Former Eskom boss insists the commission is aiding ‘the Koko hunt’
Salomé Fischer In a brief afternoon session of the Zondo Commission on Friday, former Transnet group CEO Siyabonga Gama said he was not, and could not have been, aware of all the loans Transnet had in its book, particularly those it had with Trillian leading the arrangements. The line of questioning from commission evidence leader advocate Anton Myburgh focused on lucrative contracts at Transnet for the provision of locomotives as well as companies linked to the Gupta family that received massive paydays from such contracts. Trillian formed one third of a trifecta of ...