Page 4 - Former Transnet News Today

The suspects were arrested on Friday morning in connection to corruption amounting to R93 million following investigations by the Hawks.

Former Transnet officials Siyabonga Gama, Garry Pita and Phetolo Ramosebudi as well as key state capture roleplayer Eric Wood, from Gupta-linked Regiments and Trillian are appearing in the Palm Ridge Magistrate's Court.

The five were arrested on Friday morning at the Brackendowns Police Station by the Hawks and the Independent Directorate.

Former Transnet chief executive Siyabonga Gama and four others have been arrested on charges of fraud, corruption and money laundering.

Former Transnet CEO Siyabonga Gama and Trillian’s Eric Wood were granted bail of R50,000 and R250,000 respectively by the specialised commercial crimes court in Palm Ridge on Friday.

Former Transnet CEO, Siyabonga Gama, who is among the five people accused of R93-million fraud and corruption in a case relating to the procurement of 1 064 locomotives by the State-owned freight rail company, was released on R50 000 bail following his arrest on Friday. Gama is facing charges alongside other former Transnet top executives, acting chief financial officer, Garry Pita, ex-group treasurer Phetolo Ramosebudi, Regiments' Eric Wood, and Trillian Asset Management director Daniel Ro...

Gama, Eric Wood, Garry Pita, Phetolo Ramosebudi and Daniel Roy appeared before the Palm Ridge magistrate’s court on charges of fraud, money laundering and contravention of Public Finance Management Act

The Free State High Court in Bloemfontein has refused to postpone proceedings for the confirmation of an interim restraint order that was granted against a Gupta-owned company in business rescue.

Two parts of the three-part report by the judicial commission investigating allegations of state capture under former President Jacob Zuma have now been published. The third is due at the end of February.

In July 2020, the SIU brought corruption charges against Msagala to the Special Tribunal, accusing him of receiving kickbacks worth R18 million.