Neotel bribery probe nearing completion

Neotel is nearing the end of the disciplinary process involving CEO Sunil Joshi and CFO Steven Whiley, regarding alleged bribery to secure R2-billion worth of Transnet deals.

This is according to Netotel’s Kennedy Memani, who was speaking at the 2015 MyBroadband Conference today.

Joshi and Whiley were placed on special leave after Neotel’s auditors, Deloitte, blew the whistle on R100 million in questionable payments to a company called Homix.

The Mail & Guardian linked the payments to a bid to clinch billions of rands in deals from Transnet.

Deloitte questioned the commerciality of the fees, and reported the matter to the Independent Regulatory Board of Auditors.

Memani said Neotel will make an announcement in the next 2 to 3 weeks regarding the outcome of the disciplinary process.

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Neotel bribery probe nearing completion