The looters living it up from Prasa millions
This is the second in a series of articles on corruption in Prasa’s dealings with front company Swifambo Rail Leasing.
After the Swifambo deal was struck, Mabunda and companies linked to him were paid R123.7 million, according to an investigative audit report commissioned by Swifambo’s liquidators, Tshwane Trust. The payments were made by Swifambo and its holding company Railpro. He and his family continue to rake in money from businesses they built partly off the millions illicitly diverted from Prasa.on property after Swifambo received its first payment of R460 million from Prasa in 2013. This included R27 million which Mashaba spent on the luxury AM Lodge in Hoedspruit, Limpopo, paid for in cash. Mashaba resigned as director of AM Lodge, but his children — Nsovo and Njombo — were made directors of the company.
The Dekker report goes on to show that Swifambo also made 16 direct payments totalling just over R262 000 to Mashaba’s son Akani Arnold between February 2015 and November 2016. And Akani and his father benefited from Swifambo payments totaling R9.2 million paid to a company called Brightwave Technologies where both are listed as directors.
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