After securing asset freeze, prosecutors to start analysis of Regiments servers

2019-11-25 16:15

The National Prosecuting Authority says it is continuing its probe of the Gupta-linked financial advisory group of companies by analysing company servers previously confiscated in a search and seizure operation.

Capitec shares can be sold to settle state capture losses, court rules

2019-11-05 17:54

The high court has ruled that Capitec must give consent for entities linked to Regiments to sell their Capitec shares to pay back a Transnet pension fund for losses it sustained due to state capture.

Inquiry hears Transnet paid R42.5bn for new locomotives

2019-07-10 13:19

Transnet has to date spent R42.5bn on acquiring 1 259 new locomotives meant to upgrade its ageing fleet, some R3.9bn more than it originally budgeted for, the commission of inquiry into state capture has heard.

Transnet's dealing room transferred to Gupta-linked Regiments Capital, inquiry hears

2019-05-16 15:04

An interest rate swap transaction for a Transnet loan which was facilitated by Regiments Capital was meant to benefit the Gupta-linked fund manager, the state capture inquiry heard.

The Trojan horse that wheeled R600m out of state-owned entities

2018-08-16 07:25

Records show how Regiments Capital passed more than half of its consulting fees from Transnet, SAA and Denel contracts to Gupta and Essa fronts.

SA Express pays over R5m to Trillian for 'funding plan'

2017-09-26 15:16

State-owned airline SA Express has also done business with Gupta-linked consultancy firm Trillian Capital, according to a written parliamentary reply.


Capitec wants to appeal ruling on selling shares to settle state capture losses

2019-11-07 17:01

Earlier in the week the Johannesburg High Court ordered the bank to consent to a Gupta-linked company selling its shares in the bank to pay back losses suffered by a Transnet pension fund.

R349m ‘stolen’ from pensioners in four days

2019-09-02 06:00

After allegations emerged in court of yet another Regiments Capital scam used to plunder a Transnet pension fund, the group's directors quickly agreed to pay half a billion rand to settle all the fund’s claims against it. But Eric Wood, a former director, has gone to court to quash the deal.

Regiments earned an 'excessive' R265.5m from Transnet, inquiry hears

2019-05-31 20:00

Regiments' fees for advisory services to Transnet skyrocketed by 754% in a matter of two years.

The Big Read: Post-Gupta SA should regulate consulting, too

2018-11-04 08:49

Isaac Shongwe is founder of Letsema Holdings, the black-owned consulting firm that was frozen out of a lucrative Transnet deal by Gupta-linked Regiments and Trillian. His company felt first-hand the damage wreaked by state capture.

The McKinsey dossier part 5: How Transnet cash stuffed Gupta letterboxes

2017-10-23 07:00

At least R30m flowed from Regiments, McKinsey’s longstanding local partner at Transnet, into companies associated with a Gupta-Essa money laundering channel.

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