Just News |
Group Chief Executive of Transnet Brian Molefe, former Group Chief Financial Officer Anoj Singh, Regiments Capital Directors Niven Pillay and Litha Nyhonhya appeared before the Palm Ridge Specialised Crimes Court on Monday morning, 29 August 2022 after their arrest by the NPA’s Investigating Directorate, assisted by the Hawks.
The former Transnet executives and their co-accused are charged with contravention of the PFMA and fraud, while the other accused are charged with fraud, corruption and money laundering.
The accused join former Group Chief Executive of Transnet Siyabonga Gama, former Group Chief Financial Officer Garry Pita, former Group Treasurer Phetolo Ramosebudi, Regiments shareholder Eric Wood, Trillian Asset Management current Director Daniel Roy (Novum Asset Management) and Kuben Moodley, Albatime Pty Ltd owner.
Investigating Directorate National Spokesperson Sindisiwe Seboka said the group is arraigned on charges stemming from the locomotives transaction advisory tender which was awarded to the McKinsey led consortium in 2012, resulting in the procurement of 1064 locomotives worth over R54 billion.
They were granted bail of R50 000 each and they are expected to return to court on 14 October 2022.
Meanwhile, the South African Federation of Trade Unions ( SAFTU) and AhmedKathrada Foundation welcomed the arrests of these senior officials.
