The money train


The money train

Transnet, liquidators of Gupta-linked Nkonki fight over R57m in ‘corrupt’ payments and invoices

Transnet is keeping its foot on the pedal in its campaign to recover billions of rand lost to corruption when state capture forces defrauded the state-owned logistics company. eeping its foot on the pedal in its campaign to recover billions of rand lost to corruption when state capture forces defrauded the state-owned logistics company.

One of those Transnet recovery projects is a battle to get back R57 million in alleged fraudulent payments and invoices, related to “non-audit services”, from the liquidators of the estate of Gupta-controlled accounting and audit firm Nkonki Sizwe Ntsaluba (Nkonki Inc). The company went into liquidation following the departure of the Guptas from South Africa and the exposure of their state capture schemes.

Before Nkonki was taken over by state capture forces, it was an independent black-owned auditing

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