Johannesburg - The judicial commission of inquiry into allegations of state capture, headed by Deputy Chief Justice Raymond Zondo, continues this morning.
Tekoetsile Moremi, who held the positions of the chief financial officer and municipal manager at the Phumelela local municipality, said after his appointment as CFO in 2011 he requested audited financial statements for the farm from the trustees but none were forthcoming. After the auction of livestock and the farm’s assets, R8m was paid into the municipality’s bank account.
Justice Zondo interjected, and asked the commission staff to take steps to see whether there was any corruption in the deal, which saw the farm being run for 18 years without any audited financial statements. After meeting Moremi and Phumelela mayor Tlokotsi Motaung at the time, Gupta associate Ashok Narayan is said to have set stringent conditions for the deal with the municipality.
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