Transnet deal with Regiments was a clear case of fraud, says finance expert
Corporate finance expert Dr Jonathan Bloom told the state capture commission of inquiry that some payments made by Transnet to Gupta-linked consultancy firm Regiments Capital were fraudulent.
The commission investigators commissioned Bloom to probe several questionable finance advisory contracts the state-owned company entered into.
Eyewitness News senior reporter Barry Bateman says on Wednesday the focus was on the interest rate swap.
He was tasked to investigate the various contracts that Transnet had entered into with the likes of Regiments Capital and Trillian.Barry Bateman, Senior reporter - Eyewitness News
What we heard was that the work was not even done by Regiments. Part of the work was done by JP Morgan but it was Regiments that billed Transnet.Barry Bateman, Senior reporter - Eyewitness News
Listen to the full interview below...
This article first appeared on 702 : Transnet deal with Regiments was a clear case of fraud, says finance expert
Hand sanister has become a highly sought-after product amid the coronavirus pandemic. But are all of them effective? Wendy Knowler investigates.Read More
Financial planner Sylvia Walker shares advice on what to do if you need your payment holiday to be extended due to Covid-19.Read More
John Maytham speaks to UCT public health expert Prof. Landon Myer about the airborne transmission of coronavirus...Read More
The SA Bone Marrow Registry is encouraging those who can to register to be a bone marrow donor and potentially save a life.Read More
A body has been discovered on Table Mountain fitting the description of Cape Town trail runner Ken Stephen.Read More
Linguistic expert Zakeera Docrat tells John Maytham why there is an urgent need for cops to receive language training.Read More
Western Cape Premier Alan Winde has announced that he's tested positive for the coronavirus.Read More
Traffic volumes on the N1, N2, N7 and M5 freeways were only at about 65% of normal levels by the end of June.Read More
Western Cape Judge President John Hlophe claims the Chief Justice was driven by an anti-Muslim sentiment when he called for a probe into Hlophe's conduct.Read More
Good Party Brett Herron and former Wesgro board chair Brian Figaji share their perspectives with Refilwe Moloto.Read More