South Africa: Transnet's Looters On the Ropes - but Criminal Charges Need to Follow Swiftly

analysis

Hawks boss Godfrey Lebeya told Parliament this week that the unit is investigating fraud, corruption and money laundering in a case involving the largest amount of stolen money in recent South African history. The amount in question is more than R38-billion, looted through state rail company Transnet. It is clear that the net is tightening on the Transnet executives under whose watch this plunder took place, with three senior employees placed on suspension on Wednesday. Yet Lebeya also said no suspects have yet been identified in the Transnet investigation - which is curious, given that three separate reports have fingered the same cast of characters.

What a difference 10 days can make.

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