Did not know if Gupta-linked Regiments Capital was entitled to 40-million-rands in fees - Phetolo Ramosebudi

Testifying before the commission of inquiry into State Capture, former Treasurer at Airports Company South Africa (ACSA), Phetolo Ramosebudi claimed that he did not know if Gupta-linked Regiments Capital was entitled to 40-million-rands in fees which were paid to the firm for its involvement in financial instrument transactions between ACSA and Nedbank as well as Standard Bank. Ramosebudi worked for a number of state owned entities including South African Airways, ACSA, and Transnet in a financial management capacity.