Transnet executive's luxury high life exposed by forensic report

Transnet executive's luxury high life exposed by forensic report

- A report has suggested that a Transnet executive may have been involved in corruption

- This comes after it was found that the executive received almost R1 million from a businessman, which raises questions about the legality of the transaction

- The businessman works for a company which received massive tenders from Transnet

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A forensic report has concluded that a Transnet executive purchased four properties and six cars, including a luxury Maserati GranTurismo GT Coupé.

The report found that the executive, Herbert Msagala, amassed at least R17 million in assets in the 2016/2017 financial year.

A disciplinary process acquitted Msagala of any wrongdoing, but Transnet has taken the matter on appeal.

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Investigators have not been able to trace all the sources of Msagala's income, but they did find that he had received almost R1 million from a businessman nameddbusinssperson Sipho Sithole, according to News24. 

Sithole is a senior figure at IGS Consulting Engineers, a company which received several Transnet tenders to the value of more than R100 million.

As a result, the report suggests that Msagala may have violated the Procurement Procedures Manual by using his position at Transnet to further his own interests.

Additionally, the report claims that Msagala's luxury purchases raise suspicion that he may be be living beyond his means. Consequently, a charge of corruption has been laid against him with SAPS.

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Msagala reportedly faced internal disciplinary action, but was acquitted on a technicality, Briefly.co.za has gathered. 

Transnet has now applied for review application for the Labour Court to set aside the verdict made by Transnet's internal disciplinary process.

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Source: Briefly.co.za

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