A former Transnet executive and two others accused of corruption and money laundering have been granted R10 000 bail.👩⚖️
that Polyzomba’s contract – from 2006 to 2011 – with Transnet was valued more than R60 million.
“After the completion of the work and expiry of the tender, [the company] lodged a dispute claiming R25 million for additional work that they have done and have not received payment from Transnet,” she said. The case, Mjonondwane said, has since been postponed to 7 March 2023, “for the state to disclose the contents of the docket to the defence and for a pre-trial hearing”.Molefe and his co-accused, including former Transnet CEO Siyabonga Gama and chief financial officer Anoj Singh, have been charged with fraud, corruption, money laundering and the contravention of the Public Finance Management Act related to the parastatal’s procurement of 1 064 locomotives in 2015, worth over R54 billion.
The other accused in the matter include former Transnet group chief financial officer Garry Pita and ex-group treasurer Phetolo Ramosebudi, Regiments Capital directors Niven Pillay and Litha Nyhonyha, Regiments shareholder Eric Wood, Trillian Asset Management current director Daniel Roy and alleged Gupta middleman, Kuben Moodley.
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