Ex-Transnet CEO, co-accused make bail!
FORMER Transnet CEO Siyabonga Gama has been released on R50 000 bail.
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FORMER Transnet CEO Siyabonga Gama has been released on R50 000 bail.
The corruption and fraud case against former Transnet CEO Siyabonga Gama and four others has been postponed to 13 July.
FORMER Transnet CEO Siyabonga Gama has been arrested on charges of fraud, corruption and money laundering.
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 Roy.
Former Transnet CEO Siyabonga Gama and four others have been granted bail following their appearance in a court in Gauteng on fraud and corruption charges involving R93 million.