Looters at SA Express face theft charges | IOL Business Report

JOHANNESBURG – Chairperson of state-owned airline SA Express, Tryphosa Ramano, on Thursday took a hard stance against allegations of corruption at the company and said the group would open fraud and corruption charges against its erstwhile executive over “multimillion-rand” theft.

“The new board of directors of SA Express takes all allegations of impropriety by staff and other stakeholders of the airline very, very seriously,” Ramano said. Ramano could not be drawn to reveal the names of the former executives the company will be opening cases against, saying the airline “will not be commenting further on this issue, pending the action and legal processes that are under way”.

Gordhan last year said that SA Express paid R5.7 million to the Gupta-linked Trillian Capital, without following the proper processes.Ramano said the airline continued to drive its improved performance and strategic plans on the strength of five strategic pillars, with clear initiatives and outcomes.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SA Home Loans planning a course of action after kickback hearing | IOL Business ReportSAHL chief executive Kevin Penwarden said on Thursday that he could not at this stage comment on the contents of the board meeting itself.
Source: IOL - 🏆 46. / 51 Read more »

WATCH: SA Reserve Bank keeps interest rates unchanged | IOL Business ReportReserve Bank Governor Lesetja Kganyago is announcing the bank's latest decision on interest rates hikes.
Source: IOL - 🏆 46. / 51 Read more »

45% of SA firms are targeted by cyber attacks - report | IOL Business ReportA report by the Ombudsman for Banking Services revealed that 50 percent of all complaints are fraud-related, reinforcing ...
Source: IOL - 🏆 46. / 51 Read more »