Sunday 16 June 2019
Home      All news      Contact us     
iol - 4 days ago

LIVE FEED: #StateCaptureInquiry June 12, 2019

Johannesburg - The Zondo Commission of Inquiry into State Capture will on Wednesday hear testimony from former National Director of Public Prosecutions Advocate Mxolisi Nxasana. Nxasana s testimony comes after Deloitte audit partner Chetan Vaghela s appearance before the inquiry, headed by Deputy Chief Justice Raymond Zondo, where he revealed that a mysterious Gupta-associated shelf company demanded a staggering R180 million share of a R1.8 billion services contract awarded to fixed-line telecoms network operator Neotel by state-owned freight and rail transport company Transnet. Homix, whose representative was a former director of the Gupta-owned Sahara Group, Ashok Narayan, demanded to be paid 10% of the contract but Neotel bosses refused, citing its profitability. Vaghela told the commission that Homix’s fee was negotiated down to 2% or R36m (excluding VAT). He said R91m in payments to Homix amounted to corruption and flouting the Financial Intelligence Centre Act. Watch the live feed here: Politics Hub


Latest News
Hashtags:   

StateCaptureInquiry

 | 
Most Popular (6 hours)

Most Popular (24 hours)

Most Popular (a week)

Sources