Company bought trees for R70, sold them to City Parks for R700

2013-10-08 11:16

A former managing director of Johannesburg City Parks has been arrested for fraud and corruption involving R57 million, the Hawks have said.

“He was arrested with another man for fraud and corruption that happened between 2006 and 2012,” spokesperson Captain Paul Ramaloko said today.

The case related to a contract awarded by City Parks to Jozi Mart to supply trees. According to the Hawks, the company presented itself as a nursery and was subsequently awarded the tender.

“They presented themselves as a nursery which they are not. They were buying trees from other nurseries for R70 and selling them to City Parks for R700.”

The former MD was accused of not declaring his position as a shareholder within Jozi Mart.

The pair were expected to appear at the Johannesburg Specialised Commercial Crime Court today.

Ramaloko did not rule out the possibility of more arrests.

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