Former Prasa CEO misled and withheld information from the board, says Popo Molefe

United States News News

Former Prasa CEO misled and withheld information from the board, says Popo Molefe
United States Latest News,United States Headlines
  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 75%

The witness says the board came to the conclusion that Lucky Montana deliberately misled it because he wanted it to approve tenders that were seriously flawed.

Former chairperson of the Passenger Rail Agency of South Africa Popo Molefe on Thursday told the commission of inquiry into state capture that the agency’s former CEO, Lucky Montana, misled the board and withheld critical information from it, which was a concern.

Though Montana and his team of executives gave a presentation to the board, the former CEO failed to furnish it with the contracts it had requested. He said what was particularly “strange” for him was that Montana did not seem to have an understanding of the power relations between himself as CEO and the board as the accounting authority.

On 27 November 2014, the board held its first extensive meeting where “urgent decisions” had to be made with regards to the modernisation programme, Molefe said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheCitizen_News /  🏆 6. in ZA

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Zuma and Mbalula to be implicated in Prasa-related testimony before Zondo commissionThe state capture inquiry is to hear testimony implicating indivuduals including former president Jacob Zuma, transport minister Fikile Mbalula and businessman Roy Moodley.
Read more »

Zuma and Mbalula to be implicated in Prasa-related testimony before Zondo commission“Between July 2007 and June 2009, an entity directly linked to Mr Moodley, Royal Security Pty Ltd, had some R64,000 a month paid to Mr Jacob Zuma, until just about the time Mr Zuma became the president of the country.”
Read more »

Zondo commission to hear testimony on the state capture of PrasaZondo commission to hear testimony on the state capture of PrasaThe state capture inquiry will hear testimony of alleged monthly payments to former president Jacob Zuma by an entity that later scored a contract at Prasa.
Read more »

Lebese backs former Kaizer Chiefs team-mate Maluleka's decision to join SundownsUS-based midfielder George Lebese came out to defend former Kaizer Chiefs team-mate George Maluleka on Wednesday after it was revealed that the later had signed a pre-contract with rivals Mamelodi Sundowns.
Read more »

'Feel for me and my children': Former cop Richard Mdluli pleads for mercyFormer police crime intelligence boss Richard Mdluli on Wednesday asked for mercy from the court, pleading to not be sent to jail.
Read more »

Former state mining boss banned from SOEs after R1bn bid for Gupta mineFormer state mining boss banned from SOEs after R1bn bid for Gupta mineA former chief executive officer (CEO) of a state-owned mining company who was implicated in a controversial transaction to buy a liquidated Gupta mine for a whopping R1 billion, has, after a disciplinary process, been banned from occupying any senio
Read more »



Render Time: 2025-03-17 12:08:41