TimesLIVE reports that according to a Special Investigating Unit (SIU) senior forensic accountant, money deposited into the bank accounts of former Transnet Capital Projects executive Herbert Msagala were more than what he was said to have earned from his employment and other businesses.

Ismail Varachia told the Special Tribunal on Thursday that between 2009 and 2016, significant amounts of money went into and out of Msagala's bank accounts. He said some of the amounts paid to Msagala could not be accounted for. The SIU alleges that some of the cash in Msagala's bank accounts were the benefits of unlawful activities. It believes that Msagala received the assets from IGS Consulting Engineers, a company given questionable tenders from Transnet Capital Projects when Msagala was executive. The deposit for Herbert Msagala's Steyn City plot was paid for by IGS boss, the tribunal heard. In his affidavit disputing the SIU's claims, Msagala said that in 2016 he earned several payments from a number of businesses, apart from his employment. However, Varachia said some of the income he claimed to have made did not reflect on his bank statements. Varachia advised that he checked deposits made into Msagala's Nedbank account from 2010. The trial into the alleged financial irregularities involving Msagala, which got under way in the Special Tribunal on Monday last week, continues this week.

• Read the full original of the report in the above regard by Ernest Mabuza at TimesLIVE

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