Former PRASA CEO Lucky Montana’s two properties have been frozen after the SIU traced funds used to acquire the assets to transactions linked to PRASA’s controversial R5.6 billion ISAMS contract.
The Special Tribunal has ordered former Passenger Rail Agency of South Africa (PRASA) group chief executive officer Lucky Tshepho Montana to comply with its directives as he seeks to oppose an interim preservation order involving two multi-million-rand properties in Pretoria and Johannesburg.
The preservation order prevents Montana from selling, transferring, leasing, encumbering or otherwise dealing with the properties while the SIU pursues civil recovery proceedings.
Montana was expected to appear before the tribunal on Tuesday to argue why an interim preservation order granted on 8 July should not be made final.
However, the Special Investigating Unit (SIU) said Montana did not appear before the tribunal and instead sent a legal representative.
