Gravy Trains: R500m from failed Prasa locomotives deal ‘fraudulently’ funnelled to trust, private accounts and properties

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By Pieter-Louis Myburgh

A R3.5bn Prasa contract for much-needed new locomotives derailed in 2015. Transactions linked to the deal and labelled as fraudulent are now surfacing in ongoing liquidation proceedings. The court records and other documents point to a massive alleged looting spree that came at a great cost to long-suffering rail commuters.

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