US EditionS.Africa's Ex-Transport Bosses Charged over Zuma-Era Graft Case
- On Monday, former Transnet executives Brian Molefe and Siyabonga Gama were taken into custody in Johannesburg in connection with a corrupt locomotive tender worth R93 million from 2015.
- The arrests stem from state capture schemes where state-owned enterprises like Transnet were looted by corrupt networks linked to the Gupta family under former president Zuma's administration.
- In 2015, Transnet cancelled a transaction advisory contract with JP Morgan and reassigned it to Gupta-linked Trillian, making a R93.4-million payment approved by CFO Garry Pita and CEO Gama, with R74 million later rerouted suspiciously.
- A forensic investigation conducted in 2018 revealed that Molefe provided the Transnet board with inaccurate information regarding cost surges and hindered proper oversight; the accused—including Molefe—face 18 charges such as fraud, corruption, and breaches of financial regulations, with bail for each set at R50,000.
- The case highlights entrenched self-enrichment corruption diverting funds from infrastructure, while the National Prosecuting Authority must now prove it can hold powerful networks accountable and enforce the Zondo Commission’s recommendations.
41 Articles
41 Articles
Former Transnet bosses charged over Jacob Zuma-era graft case
Four former executives at South Africa’s failing transport company were arrested and charged on Monday over allegations of corruption worth millions of dollars in a high-profile case linked to the plunder of state resources. The ports and freight rail company Transnet was among the state-owned firms caught in a widespread graft scandal that rocked ex-president Jacob Zuma’s government between 2010 and 2018. The web of corruption that hollowed out…
InsideNoVA.com
S.Africa's ex-transport bosses charged over Zuma-era graft case
Four former executives at South Africa's failing transport company were arrested and charged Monday over allegations of corruption worth millions of dollars in a high-profile case linked to the plunder of state resources.
Molefe and Gama in Hawks custody as Transnet corruption returns to court
More than a decade after the locomotive deal, two senior MK Party MPs — Brian Molefe and Siyabonga Gama — face legal action for allegedly siphoning off R93-million through Trillian Capital. Their arrests revive old Zondo Commission questions about whether grand corruption ever really pays back....
Times Live
Business LiveBrian Molefe and Siyabonga Gama arrested
The two MK Party MPs are expected to appear in the Palm Ridge specialised commercial crimes court for a bail hearing.
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