Mario Ferreira horses to Lorenzo Karriem

  • Thor
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Re: Mario Ferreira horses to Lorenzo Karriem

1 year 4 weeks ago
#861926
Okay what did I miss?

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  • Felix
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Re: Mario Ferreira horses to Lorenzo Karriem

1 year 4 weeks ago
#861938
Okay what did I miss?

State Capture and the Zondo commission, involving these 2 esteemed gentlemen..
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  • Over the Air
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Re: Mario Ferreira horses to Lorenzo Karriem

1 year 4 weeks ago
#861948
TMM Holdings, which owns Pretoria-based Prasa contractor Siyangena Technologies, also paid R7.5-million directly into a lawyer’s trust account for a property Montana had purchased in 2014.

A businessman linked to TMM Holdings’ boss, Mario Ferreira, paid a further R15.5-million into the shelf company that was used to acquire properties on behalf of Montana.

These payments bankrolled a string of property deals to the tune of a staggering R45-million involving Montana.

Siyangena Technologies in 2010 and 2014 clinched two major Prasa contracts to install security systems at train stations across South Africa. The deals were worth R4.5-billion altogether. The first contract was severely criticised in then Public Protector Thuli Madonsela’s damning report on Prasa, released in 2015. Siyangena and Prasa are currently locked in a court battle over the contracts.

The timing of some of the transactions detailed in the latest documents submitted to the Zondo Commission seem to support suspicions that the money TMM Holdings paid into the shelf company was directly linked to its subsidiary’s huge contracts from Prasa and that these deposits were intended to illicitly gratify Montana.
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  • Sammy Silver
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Re: Mario Ferreira horses to Lorenzo Karriem

1 year 4 weeks ago
#861958
Hi all this news is public knowledge, but why did he move his horses from Lorenzo?

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  • easy
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Re: Mario Ferreira horses to Lorenzo Karriem

1 year 4 weeks ago - 1 year 4 weeks ago
#861975
Who knows why they were moved. Lorenzo has won nearly 1.4m in stakes with 12 winners , perhaps they feel they deserve more. (or less)

and

in the place market he holds his own with 49.1 % runners in the places (NHRA)
Last edit: 1 year 4 weeks ago by easy.

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  • RacingG
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Re: Mario Ferreira horses to Lorenzo Karriem

1 year 4 weeks ago
#862017
Digressing from the actual topic , however and this in no way suggesting that corruption has any place in society, it has to be pointed out though that in most cases in south africa , the money stolen in south africa is put back into the fiscus by these guys lavish living.
whether its spending 100k on a night out at a restaurant or tipping the waiter 5k , that money finds it way back into the system.
All these politicians love the high life, they will all be bankrupt in a short while and the money will be in the system.
One good thing with these politicians , not many, take the millions out of the country like the Guptas AND THE MANY previously advantaged businesses that was tantamount to white collar crime, which in another word was/is corruption.
I am in the entertainment business, and I know that no sane person can fork out 1 bar on his wifes 50th birthday that I just did this past weekend.
But a good potion of that spend is already in circulation this morning amongst the service providers with salaries or overheads to sort out or even booking a holiday.

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  • Muhtiman
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Re: Mario Ferreira horses to Lorenzo Karriem

1 year 3 weeks ago
#862065
......I actually believe that through a compromised SARS and Reserve Bank from the Zuma era.....that there has been a larger flow of outward capital especially during the Covid crisis as there was massive over invoicing for re-exported PPE products....and some of our top politicians now have their growing nest eggs off shore....perhaps Phala Phala furniture stuffing was not incoming revenue but also outward bound....:unsure:

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  • easy
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Re: Mario Ferreira horses to Lorenzo Karriem

1 year 3 weeks ago
#862257
newco fully seeming ahead......loads of runners already. No winners yet....

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  • fingers
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Re: Mario Ferreira horses to Lorenzo Karriem

1 year 3 weeks ago
#862269
I thought he was your friend

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  • easy
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Re: Mario Ferreira horses to Lorenzo Karriem

1 year 3 weeks ago
#862274
that person does not know the meaning of friend. Plenty coming out over the next few weeks and months. Proper scoundrel.....

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  • Bob Brogan
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Re: Mario Ferreira horses to Lorenzo Karriem

1 year 3 weeks ago
#862373
Easy, still think you can train horses for 3 grand?

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  • easy
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Re: Mario Ferreira horses to Lorenzo Karriem

1 year 3 weeks ago
#862403
Don't understand the question?

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