SA Express to lay graft charges against former execs

Posted in categories

  • South Africa

See also

Publish date 23 May 2019
Issue Number 4704
Diary Legalbrief Today
SA Express will be laying fraud and corruption charges against some of its former executives after a forensic investigation found that a number of transactions may have prejudiced the state-owned airline out of millions of rands, says a Business Day ...

SA Express will be laying fraud and corruption charges against some of its former executives after a forensic investigation found that a number of transactions may have prejudiced the state-owned airline out of millions of rands, says a Business Day report. The airline has endured large losses over the past few years and was grounded by the SA Civil Aviation Authority in May. This happened on the same day that Public Enterprises Minister Pravin Gordhan announced he had appointed a new board at the carrier after the suspension of several executive managers accused of corruption. An audit found, among other irregularities, that SA Express paid R5.7m to the Gupta-linked Trillian Capital for advisory services and to raise capital. Trillian Capital has been implicated in allegations of state capture at two other state-owned entities, Eskom and Transnet. SA Express’ chair Tryphosa Ramano said the transactions flagged by the forensic investigation included multi-m i l l i o n-rand cases of alleged collusion with service providers, manipulation of procurement processes, as well as the irregular and overpayment of suppliers.