South Africa: How the Guptas' R9 Billion Locomotive Heist Went Down

analysis

Not for the fainthearted: Drawing on contracts and banking data we make public for the first time, and analyse in detail, how Transnet locomotive suppliers pledged R9-billion in kickbacks to the Guptas, of which at least R3.7-billion has been paid. By Stefaans Brümmer for Amabhungane.

The Guptas' pillage of Transnet in cahoots with CRRC, the Beijing-based rail conglomerate, spanned four locomotive procurement contracts and add-ons for locomotive maintenance and the relocation of a manufacturing facility.

On Transnet contracts worth R41.9-billion, companies in the CRRC stable pledged R9-billion in kickbacks to the Guptas. By the time our banking data ends in October 2016, the Guptas had already received at least R3.69-billion.

* See our evidence docket for all the kickback contracts and a full spreadsheet analysis of Transnet payments, contracts and banking data.

On 19 January 2012, Wang Pan sent Brian Molefe an email titled "Visit in SA for 95 New Electric Locomotives". Precisely 88 seconds later he copied it to a director of an Indian scrap metal group, setting off a cascade of forwarding that ended with a Gupta son.

Wang was deputy director in the overseas business division of CSR Zhuzhou Electric Locomotive Co, where he spearheaded the Chinese...

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