This is why we’re handing over a letter of demands to the German consulate tomorrow. The European companies implicated in state capture must account! Join us tomorrow (Thursday July 25)! https://www.facebook.com/events/2575243345839940/
“But there are huge sums of money that still need to be accounted for — as mentioned above, Prasa had paid Swifambo R2.6-billion, while Swifambo paid Vossloh España about R1.8-billion. This means Swifambo’s former director may need to explain what happened with about R800-million of the Prasa loot.
The R1.8-billion Swifambo paid Vossloh España will also be extremely tricky to retrieve.
The Spanish rolling stock manufacturer’s former holding company, German-based Vossloh AG, sold the company to Swiss firm Stadler Rail after the 2015 Prasa scandal. It is not clear which of these European entities, if any, would be targeted by South African authorities in any possible bid to recover some of the money.”