‘Ex-Transnet boss usurped authority’

The state capture inquiry has heard that former Transnet finance boss Anoj Singh did not have the authority to appoint Gupta-linked firm Regiments Capital as a transaction adviser for the controversial multibillion-rand procurement of 1‚064 locomotives.

Transnet’s appointment of global consultancy firm McKinsey and its eventual ceding of duties to Regiments came under the spotlight at the commission on Wednesday when MNS Attorneys boss Tshiamo Sedumedi took the stand for a second day.