Between 2014 and 2018, Denel Asia is accused of playing a role in the irregular confirmation and establishment of a joint venture.
According to the research conducted by the Corruption Investigation Directorate (IDAC) of the two former Denel, Pretoria was given a r30 000 hostage at the beginning of the criminal trial court.
Lungisiani Daniel Mantsha and Zwelakhe Nhlanganiso ntsepe were ordered to surrender their passports and refrain from applying for new ones.
In addition, they ordered the court to apply by the court by the court to make a chance to travel outside the country.
Claims related to the joint venture
Mantsha and NTSHEPE are accused of participating in the irregular confirmation and establishment of the Denel Asia joint venture between VR Laser South Africa (VRLSA) and Private Hong Kong.
Denel – South African aerospace and military technology Conglomate – Denel Asia is said to be 51% share in Asia, and VRLSA holds 49%.
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Idac spokesman Henry Mamotham said the accused did not determine the facts that they were not signed in the subsequent period and did not sign the following facts.
“VRLSA said that they have only a suitable business organization that meets the requirements of all legislation to enter shareholders with shareholders with Denel and shareholders in the South African government.
MANTS, who allegedly committed a crime between March 2014 and March 2018, was the Chairman of the Board of Directors and Ntsepe, the General Executive Officer.
Ntsepe later occupied the position constantly.
Directives not taken into account
Mamotham, Duo’nin Denel’s relevant operations were allegedly deprived of the Ministry of Finance, taking into account the approval of the Ministry and the approval of public enterprises.
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“This followed by the Minister of Finance that guarantees the Denel of R1.8 billion.”
They are accused of enjoying the claim to be facilitating the transaction.
“It was later discovered that confidential information on the board work was July 2014 and was announced between May 2016,” Mamotham said.
“Without a required authority, the state also had further investigating the state to ignore the rules of state financial management.”
Their issue was postponed to May 16 to analyze the evidence.
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