Staff Reporter
The Special Investigating Unit (SIU) said on Sunday it had secured an interim preservation order freezing two properties linked to former Passenger Rail Agency of South Africa (PRASA) chief executive Lucky Montana, as it pursues civil proceedings related to a R5.6 billion IT security tender.
The Special Tribunal order prevents Montana from selling, transferring, leasing, encumbering or otherwise dealing with a property in Hurlingham, Johannesburg, bought for R13.5 million, and another in Waterkloof, Pretoria, purchased for R2.25 million.
The Tribunal also directed the Registrar of Deeds to place caveats on the title deeds to prevent unauthorised transactions involving the properties.
The SIU said its investigation had uncovered a “direct and uninterrupted money trail” allegedly linking the purchase of the properties to proceeds associated with PRASA’s Integrated Security Access Management System contract awarded to Siyangena Technologies, a subsidiary of TMM Holdings.
The contract covered the installation, supply and maintenance
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