LIVE | Former Transnet executives arrested in connection with R93 million fraud case
The court is sitting again after the brief adjournment. It is now hearing a different matter.Eric Wood has that his bail conditions be amended. He will be back in court on 7 October for the hearing.The case against Gama and his five co-accused has been postponed to 14 October for the state to make a full disclosure.
It is also crucial to understand just how crucial Molefe and Singh were to the state capture project. They opened the doors at Transnet, and were then sent to Eskom to do exactly the same thing.Journalists and lawyers wait in the public gallery ahead of the first appearance of Molefe, Singh and two others.Courtroom 10 is packed to capacity with lawyers and journalists ahead of the appearance of former Transnet executive Brian Molefe, and others.
- The tender negotiation team for possible corruption and/or violating the PFMA for acting corruptly and not in the best interests of Transnet by agreeing to excessive advance payments to CSR and CNR. - R1.5 billion in losses suffered by Transnet as a result of various transactions recommended by Regiments for which it was paid a total of R229 million in fees between 2015 and 2019.The State Capture commission, over a weeks, heard a range of allegations relating to the seizure of Transnet.
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