Large sums of money meant for the good of Nelson Mandela Bay residents, through the R298m injected into the Bay’s beleaguered Integrated Public Transport System, was siphoned off within a single financial year.
The multimillion-rand fraud and racketeering trial involving Nelson Mandela Bay businesspeople, high-ranking officials and politicians accused of siphoning off money meant for the Integrated Public Transport System (IPTS) will return to the Gqeberha high court in five months.
In less than a month, more than R8m, meant to be used for the beleaguered Integrated Public Transport System, was paid into one of the business accounts of Fareed Fakir.
Tenders continued to be awarded despite the municipal manager’s disapproval and the bid committee not being in agreement with the appointment of some service providers during the pilot phase of Nelson Mandela Bay’s beleaguered Integrated Public Transport System (IPTS).