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Former Prasa CFO must pay back R8.22m

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Cape Town - Former chief financial officer and consultant at the Passenger Rail Agency of SA (Prasa) Fenton Gastin must pay back R8.22m to the agency, the high court in Pretoria has ordered.

The court declared certain agreements of employment and consultancy between Gastin and former Prasa group CEO Lucky Montana unlawful, invalid, void from the start and of no force and effect.

Prasa applied to have a contract for professional services regarding finance and strategic advice concluded on September 30 2014 between Montana and Gastin declared unlawful and invalid.

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