TRANSNET EX GROUP CEO BRIAN MOLEFE AND FORMER CFO ANOJ SINGH AND OTHERS ARRESTED ON TRANSNET RELATED R398.4 MILLION FRAUD AND CORRUPTION CHARGES
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 CE of Transnet Siyabonga Gama, former Group CFO Garry Pita, former Group Treasurer Phetolo Ramosebudi, Regiments shareholder Eric Wood, Trillian Asset Management Director Daniel Roy (Novum Asset Management) & Kuben Moodley, Albatime Pty Ltd owner.
This arrest and court appearance signifies a critical move in closing the circle in holding to account all those who are alleged to have been at the core of state capture in Transnet, and is one of the seminal cases that the NPA has committed to enrolling by the end of September.
Transnet is considered one of the primary sites of massive looting of state funds at the peak of the state capture project. Todayβs arrest & court appearance of additional senior executives reflects a significant milestone & outcome of our complex investigations- Adv Johnson
In collaboration with the Hawks, @NPA_Prosecutes will ensure that we continue to follow the evidence and arrest and prosecute those who are fingered to have been alleged to be part of looting state coffers- Adv Andrea Johnson
As the Investigating Directorate, we have made commitments to reclaim the state and ensure that impunity is no longer a given. More persons are expected to be arrested linked to this matter- Adv Johnson
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