Mahomedy made the statement in his affidavit to the commission, parts of which were read by advocate Phillip Mokoena, who was leading evidence. Mahomedy was the group's acting chief financial officer when he penned the affidavit.
"I understand that there was a system where a set of key roleplayers and Transnet executives, board members and certain companies acted in consult to the detriment of Transnet's best interests," Mahomedy said.
He then described various transactions which flouted the company's normal procurement processes. These transactions are now under the spotlight at Transnet.
WATCH LIVE | Transnet acting CEO back in the hot seat at state capture inquiry
Transnet acting group chief executive officer Mohammed Mahomedy is due to continue his testimony at the state capture inquiry on Thursday.
He told the inquiry on Wednesday that key roleplayers at the state-owned enterprise and certain companies acted to the detriment of Transnet's best interests.
Mahomedy made the statement in his affidavit to the commission, parts of which were read by advocate Phillip Mokoena, who was leading evidence. Mahomedy was the group's acting chief financial officer when he penned the affidavit.
"I understand that there was a system where a set of key roleplayers and Transnet executives, board members and certain companies acted in consult to the detriment of Transnet's best interests," Mahomedy said.
He then described various transactions which flouted the company's normal procurement processes. These transactions are now under the spotlight at Transnet.
MORE