See Trending

Source : (remove) : News24
RSSJSONXMLCSV

Source : (remove) : News24
RSSJSONXMLCSV
  • Fri, March 28, 2025
  • Mon, March 17, 2025
  • Sun, March 16, 2025
  • Fri, March 14, 2025
  • Tue, March 11, 2025
  • Mon, March 10, 2025
  • Sun, March 9, 2025
  • Sat, March 8, 2025
  • Thu, March 6, 2025
  • Wed, March 5, 2025
  • Sun, March 2, 2025
  • Wed, February 19, 2025
  • Tue, February 18, 2025
  • Mon, February 17, 2025
  • Wed, February 12, 2025
  • Mon, February 10, 2025
  • Tue, February 4, 2025
  • Sat, January 18, 2025
  • Fri, January 17, 2025
  • Wed, January 15, 2025
  • Sun, January 12, 2025
  • Thu, January 9, 2025
  • Thu, January 2, 2025
  • Wed, January 1, 2025
  • Tue, December 31, 2024
  • Mon, December 30, 2024
  • Wed, December 18, 2024
  • Sun, December 15, 2024
  • Mon, December 9, 2024
  • Fri, December 6, 2024

Ex-Denel chairperson, former CEO in court on corruption charges

Two officials from state arms manufacturer Denel appeared in the Pretoria Specialised Commercial Crime Court on Friday on multiple counts of corruption for their alleged involvement in the irregular approval and establishment of the Denel Asia joint venture.
The article from News24 reports that Daniel Mantsha, the former chairperson of Denel, and his wife, along with former CEO of Denel Land Systems, Zwelakhe Ntshepe, appeared in the Pretoria Specialised Commercial Crimes Court on charges of corruption. They are accused of defrauding Denel of over R11 million through a scheme involving the creation of a fake company, which was used to siphon funds from Denel. The charges include fraud, corruption, and money laundering. The case has been postponed to April 10 for further investigation, and the accused were released on bail. This legal action follows an investigation by Denel's internal audit and the Special Investigating Unit (SIU), highlighting significant governance and financial oversight issues within the state-owned defense company.

Read the Full News24 Article at:
https://www.news24.com/news24/southafrica/news/ex-denel-chairperson-former-ceo-in-court-on-corruption-charges-20250328