Outa believes it has sound case against BNP Capital
The organisation says its investigation exposed serious irregularities with SAA’s tender process.
JOHANNESBURG - Lobby group Organisation Undoing Tax Abuse (Outa) says it believes it has a watertight case against the director of BNP Capital whom it believes committed fraud in a deal with SAA.
Two months ago the airline confirmed that it cancelled a deal with BNP Capital that would have cost over R250 million to facilitate loans of R15 billion.
Outa intended on taking SAA to court to stop the deal saying it could prove that the company does not have the right license from the financial services board.
The organisation says its investigation exposed serious irregularities with SAA's tender process but also the fraudulent actions of BNP Capital's sole director and shareholder, Daniel Mahlangu.
Outa's Ivan Herselman says they opened a criminal case against him and now the police will have to conduct their own investigation.
"We believe that the docket we handed to them proves the watertight case against Mr. Mahlangu, from there it has to be escalated to the prosecuting authority for a decision whether to prosecute or not. And we believe they should come to the conclusion that this is a prosecutable case."