The SIU is suing two former top Transnet property executives for more than R12 million. (Alfonso Nqunjana/News24)
The Special Investigating Unit (SIU) is suing two former top Transnet property executives for R12.7 million as it seeks to recover funds lost to corruption and bribery at the struggling state-owned company.
The SIU has filed a lawsuit against Zack “Thabo” Lebelo, Transnet’s former head of property, for R5.3 million, and is seeking an additional R7.4 million from Phathutshedzo Mashamba, who managed Transnet’s coastal properties division.
The executives are accused of receiving millions of rands in “bribes, gratification, and secret profits” tied to a series of dubious property deals.
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