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Former Transnet boss Brian Molefe told the state capture inquiry on Tuesday he did not know that half of a R78m payment he approved for Regiments Capital would end up in the possession of Gupta foot soldier Salim Essa.
The former Transnet and Eskom CEO on Monday said he decided that Regiments should replace the Letsema Company because of a conflict of interest.
LIVE FEED: State capture inquiry - March 9, 2021 Share Former Transnet group chief executive Brian Molefe returns to the Zondo Commission for a second day of testimony related to allegations of corruption during his tenure at the state freight agency. Molefe faces an uphill battle to dispel allegations of his knowledge of how Gupta-linked businessman Salim Essa used shell companies to launder millions of cash from the Transnet while he was in charge between February 2011 until April 2015. Yesterday, after being presented with a Money Flow report compiled by the commission’s investigators, h...
Former Transnet group CEO Brian Molefe approved a generous performance incentive payment of R78 million to the Gupta-linked company.
Former Transnet group chief executive Brian Molefe has conceded that a Gupta-linked company, Regiments Capital, might have laundered millions in cash from Transnet to shell companies owned by businessman Salim Essa.