Former Transnet CEO Brian Molefe and the freight company’s equally scandal-plagued former Chief Financial Officer (CFO) Anoj Singh have been arrested in connection with a R93-million corruption and fraud case.
The matter is reportedly linked to the procurement of 1 064 locomotives in 2015. Earlier this year, several other people were arrested for their alleged role in the case, including Siyabonga Gama (former Group CEO), Eric Wood (shareholder at Gupta-linked company Regiments Capital), Garry Pita (former acting group chief financial officer) and Phetolo Ramosebudi (former group treasurer)
BRIAN MOLEFE AND CO-ACCUSED DUE IN COURT
Brian Molefe and his co-accused in the matter are expected to make an appearance in the Palm Ridge Specialised Crimes Court over dubious dealings which allegedly arose from the tender at Transnet.
The accused’s court appearance comes just hours after they were arrested by the Hawks.
The R93 million in question was reportedly paid to Gupta-linked Trillian Capital, in a bid to secure funding for the locomotives.
“In 2012, Transnet went on a Request for Proposal tender to get transaction advisory services to secure funding for $2.5 billion (equivalent of R30bn at the time) to fund the acquisition of the 1 064 locomotives deal,” spokesperson for the Investigative Directorate Sindisiwe Seboka said.
“In May 2015, Transnet appointed JB Morgan for advisory services. In July to October 2015, the same officials in Transnet started facilitating the termination of the JB Morgan contract. A cancellation resulted in them appointing Trillian in October 2015,” said Seboka at the time.