July 12, 2017 / 1:36 PM / 10 days ago

BRIEF-Transnet says irregularities no longer taking place

1 Min Read

July 12 (Reuters) - Transnet Soc Ltd:

* Transnet's statement on reported irregularities

* External auditors submitted a report of reportable irregularities to independent regulatory boards of auditors

* Irregularities no longer taking place; affected senior officials suspended, legal action taken where appropriate, disciplinary actions are underway​

* Is no longer using affected suppliers and all payments have been put on hold until finalisation of legal investigation, where monies will be recovered Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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