Appeals to NPA stall the start of R420 million FNB, Sasol theft trial: Director of public prosecutions Shamila Batohi asked to drop charges in the fraud case involving the bank and the chemicals firm
— as well as Gas 2 Liquids and Lavela Petroleum, which are entities controlled by him, according to the state — appeared alongside former FNB employee Paragasen Reddy, Munsamy’s alleged employee Tania Wiener, Siviwe Mkhululi Mafanya and Sibusiso Romeo Khumalo on charges of racketeering, fraud and corruption.
Munsamy and Wiener are also implicated in a separate case of fraud, theft, money laundering, possession or use of proceeds of unlawful activities and assisting another to benefit from the proceeds of unlawful activities. The two are accused of defrauding businessman Ravesh Moodley of about R7 million. Moodley opened a case against Munsamy and Wiener, claiming he was duped into investing in an allegedly bogus petroleum venture to purchase 700 000 litres of fuel.
The charges are related to the combined R420 million in “fraudulent guarantees” that Munsamy’s firms allegedly received from FNB to buy fuel from Sasol, which the state claims did not receive payment for the purchases. Munsamy purportedly doled out nearly R2 million in bribes to Reddy, who is accused of issuing the “fraudulent guarantees” between January and May 2011.Subscribe to the M&G today for just R30 for the first three months* to gain access to this story and all our best journalism, subscriber-only newsletters, events and a weekly cryptic crossword.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LIVE | Fourth witness takes the stand in NPA's first state capture trial | News24The six-week fraud and money laundering trial involving Gupta-linked Nulane investments continues in the Bloemfontein High Court, meanwhile, brothers Atul and Rajesh Gupta remain behind bars in Dubai while authorities wait for more information about their potential extradition hearing.
Read more »
'Why is NPA waiting?' – EFF to pursue private prosecution against Mantashe over Bosasa corruption | The Citizen🚨EFF gunning for Energy Minister Gwede Mantashe over state capture allegations, launches private prosecution into Bosasa corruption. EFF GwedeMantashe Bosasa TheCitizenNews Read the full story⬇️
Read more »
Arms deal: Zuma foundation 'elated' by Judge Koen's recusal, NPA says it's disappointed | The CitizenJacob Zuma Foundation has welcomed Judge Piet Koen's decision to recuse himself from the arms deal corruption trial 💸while the NPA has expressed disappointment. JacobZuma armsdeal PietKoen TheCitizenNews Catch up on the story here⬇️
Read more »
Alleged child rape ring accused back in dock as detained prisonerOn Saturday, the NPA released a statement, saying when Ackerman did not respond to phone calls, they went to the house where he was residing and found that he had sold all his movable assets and had fled.
Read more »