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Makhanda court orders trust to pay back R3m profit made from irregular tender

Makhanda court orders trust to pay back R3m profit made from irregular tender
16 March 2021
Four trustees of the Siegesmund Trust have agreed to pay back R3m earned in a 2014 procurement deal that was deemed to be unlawfully and irregularly awarded. Stock photo.
Image: 123RF/ LE MOAL OLIVIER
The high court in Makhanda (Grahamstown) has ordered four trustees of the Siegesmund Trust to pay back R3m earned in a 2014 procurement deal that was deemed to be unlawfully and irregularly awarded.
The order followed an investigation by the Special Investigating Unit (SIU) into the awarding of a R59m tender to Siegesmund for the delivery and supply of computers as pupil/teacher support material by the Eastern Cape education department. ....

Makhanda Grahamstown , Siegesmund Trust , Special Investigating Unit , Eastern Cape , Corrupt Activities , Combating Of Corrupt Activities Act , சிறப்பு விசாரணை அலகு , கிழக்கு கேப் , சிதைந்த கோப்பு நடவடிக்கைகள் , போரிடுவதில் ஆஃப் சிதைந்த கோப்பு நடவடிக்கைகள் நாடகம் ,

Trust ordered to pay back R3m profit made from irregular tender

Trust ordered to pay back R3m profit made from irregular tender
16 March 2021 - 17:18
Image: 123RF/ LE MOAL OLIVIER
The high court in Makhanda (Grahamstown) has ordered four trustees of the Siegesmund Trust to pay back R3m earned in a 2014 procurement deal that was deemed to be unlawfully and irregularly awarded.
The order followed an investigation by the Special Investigating Unit (SIU) into the awarding of a R59m tender to Siegesmund for the delivery and supply of computers as pupil/teacher support material by the Eastern Cape education department.
The SIU investigation revealed the goods concerned were procured unlawfully and irregularly. ....

Makhanda Grahamstown , National Prosecuting Authority , Siegesmund Trust , Special Investigating Unit , Eastern Cape , Corrupt Activities , National Prosecuting , Combating Of Corrupt Activities Act , தேசிய ப்ராஸெக்யூடிஂக் அதிகாரம் , சிறப்பு விசாரணை அலகு , கிழக்கு கேப் , சிதைந்த கோப்பு நடவடிக்கைகள் , தேசிய ப்ராஸெக்யூடிஂக் , போரிடுவதில் ஆஃப் சிதைந்த கோப்பு நடவடிக்கைகள் நாடகம் ,