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

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.