The Passenger Rail Agency of South Africa (Prasa) has accused its former group chief executive Lucky Montana of 'benefitting corruptly' from his relationship that won contracts worth over R4 billion with the state-owned company.
According to City Press, this was part of Prasa's court application to have two contracts that were awarded to Siyangena Technologies during Montana's tenure set aside.
The contracts were for security systems at more than a hundred train stations, and were worth R1.95 billion and R2.1 billion.
Rapport reported late last year that Siyangena Technologies’ lawyer bought Montana’s house in Johannesburg in 2014 for more than double the market value of the property.
Precise Trade and Invest 02, the shelf company used by the lawyer for that transaction, also bought an upscale Sandton property for which Montana had paid a R3.5 million deposit for R R7.5 million.
Both transactions were part of Prasa's court filing as 'evidence of corrupt activities' according to the weekly newspaper.
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