CDC denies involvement in corrupt activities

Tuesday, July 3, 2018

The Coega Development Corporation (CDC) has denied being involved in corrupt activities following media reports implicating the company in the spending of R1.6 billion which was meant to build roads, schools and houses in the Eastern Cape.

The media reports allege that money for the project was spent by companies, individuals and national government agencies – including the Independent Development Trust (IDT), SA National Roads Agency Limited (Sanral) and the CDC.

“Coega has never been party to any corrupt activity or collusion. Our record speaks for itself. We have in the past reported any indication of corrupt activities,” the CDC said in a statement.

The entity said the reports are misleading and unfortunate.

“It is also concerning that the CDC has not been presented with the so-called ‘a series of reports’.  Treasury compiled detail how a string of companies, individuals and national government agencies – including the Independent Development Trust (IDT), SA National Roads Agency Limited (Sanral) and the CDC – allegedly helped themselves to more than R1.6 billion which was meant to build roads, schools and houses in the Eastern Cape,” the CDC said.

The CDC said it will provide a detailed feedback on each specific allegation regarding the organisation’s involvement on the Roads Enterprise Development Programme (REDP) in due course. – SAnews.gov.za

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