JOHANNESBURG, South Africa — The Special Investigating Unit (SIU) has secured a preservation order against two luxury properties owned by former Passenger Rail Agency of South Africa (PRASA) CEO, Lucky Montana.
The assets, valued at nearly R16 million, are located in Hurlingham, Johannesburg, and Waterkloof, Pretoria. These properties are linked to the controversial R5. 6 billion Integrated Security Access Management System (ISAMS) tender, which was awarded to Siyangena Technologies, a subsidiary of TMM Holdings.
The SIU’s investigation has traced a financial trail connecting the properties to the proceeds of the IT contract.
The preservation order, issued by the Special Tribunal, prevents Montana from selling, transferring, leasing, or otherwise dealing with the properties while the SIU’s civil recovery proceedings are under way. PRASA has been the subject of various corruption scandals, with the ISAMS project being a central focus of the SIU’s probe.
The SIU’s spokesperson, Selby Makgotho, confirmed that the preservation order was granted after the investigation uncovered a direct link between the acquisition of the properties and proceeds from the PRASA ISAMS contract.
The seizure of Montana’s assets is a significant development in the ongoing corruption investigation.
The move is expected to enhance public confidence in the fight against corruption within the public sector.
As the SIU continues its civil recovery efforts, the outcome of the proceedings remains uncertain.
The case is being monitored by both local and international observers, as it represents a pivotal step in South Africa’s anti-corruption efforts.
*Additional reporting by ImNews | Sources consulted: 5*
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This original article was produced by the ImNews editorial team
Source: enca
Source: Siya Tsewu
