More evidence behind the Gupta-linked Transnet deal with China

More evidence behind the Gupta-linked Transnet deal with China

- More evidence regarding the deal that Transnet made with China South Rail has been uncovered recently

- Ex-Transnet Strategy manager and engineer, Francis Callard, explained how a Japanese company with supplies on hand was sidelined in order for China South Rail to take the lead

- This company has now been linked to the Guptas, who benefitted from the last-minute deal

PAY ATTENTION: Click “See First” under the “Following” tab to see News on your News Feed!

Additional evidence regarding a shady deal between Transnet and China South Rail has been uncovered this week.

According to the Daily Maverick, a Japanese supplier who was on hand to provide 100 locomotives for Transnet’s coal line was pushed out of the deal.

The sensible contract with Japan’s Mitsui was lined up for valid reasons, but the deal never even reached the board.

Instead, China South Rail was pushed in and the deal signed off at R3.8 billion.

PAY ATTENTION: Do you want to know what's trending on Join our WhatsApp group today.

This amount has now suspiciously jumped up to just under R5 billion, the Daily Maverick reported. found out that all this information and more was revealed to the State Capture Commission earlier this week.

Ex-Transnet strategy manager and engineer, Francis Callard, spoke to the commission about how he had helped set up the initial deal with Japan’s Mitsui, before it was eclipsed by the shady China South Rail agreement.

Callard mentioned a list of familiar names in his testimony, including Brian Molefe, Anoj Singh, Siyabonga Gama, Gary Pita and Thami Jiyane.

READ ALSO: Ntando Duma and daughter dazzle in matching traditional outfits

The Guptas have also since been implicated in the scandal, as it has been uncovered that the brothers received kick-backs from the China South Rail.

The former strategy manager went on to explain how he attemped to oppose the revised Transnet deal, but his pleas fell on deaf ears.

“Nowhere were the concerns that I raised brought to the attention of the meeting as a potential risk to this transaction,” Callard explained.

To hear more about Francis Callard’s testimony at the Commission of Inquiry Into State Capture, watch here:

Enjoyed reading our story? Download BRIEFLY's news app on Google Play now and stay up-to-date with major South African news!


Online view pixel