Inside the money trail: How SIU probe linked Lucky Montana to PRASA tender
The Special Investigating Unit (SIU) has linked former PRASA CEO Lucky Montana to a multibillion-rand tender corruption scandal. Investigators traced funds from a 2014 contract to luxury properties, leading to a court-ordered freeze on his assets.
Why it matters
The case represents a significant development in South Africa's efforts to combat state capture and corruption within state-owned enterprises.
JOHANNESBURG - The Special Investigating Unit (SIU) says years' worth of tedious investigation allowed for the tracing of the flow of money from a multibillion-rand PRASA contract to luxury properties linked to former Group CEO Lucky Montana.
According to SIU spokesperson Selby Makgotho, the investigations, which focused on the controversial R5.6 billion Interpreted Security Access Management System contract, started around 2014.
This was when the SIU came in with a proclamation.
The contract in question was awarded to Siyangena Technologies.
The two properties linked to Montana are in Hurlingham, Johannesburg, and Waterkloof, Pretoria. Combined, they are worth nearly R16 million.
READ | Former PRASA CEO unlucky as SIU targets assets
Makgotho said investigators worked through years of money trails from PRASA around 2009 to 2015 while also analysing available evidence.
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