Forensic report found exec bought six cars – including a Maserati – four properties and a posh home in Steyn City.
He bought a top-of-the-range Maserati Coupé, four properties for cash in just seven months and received a fat deposit for his posh house paid for by a service provider.
The details of how Herbert Msagala, the group executive for Transnet Capital Projects, amassed at least R17 million in a year are contained in a forensic report.
The report, dated October 2017 and compiled by forensic investigations company Nexus, found that he:
• Bought six cars – including a Maserati GranTurismo GT Coupé, a Ford Ranger and a Hyundai H1 – all for cash;
• Acquired four properties within seven months – none of which is bonded – for a total of R15.2 million; and
• Paid the full purchase price of R7 million for a his property in the exclusive northern Johannesburg enclave of Steyn City in just nine instalments.