Transnet multi-million tender scandal leads to high-profile arrest

Transnet multi-million tender scandal leads to high-profile arrest
Advertising
30-08-2022
Read : 726 times
Cape Town Etc
Source

Earlier today, the National Prosecuting Authorities (NPA)  arrested former CFO of Transnet Brian Molefe and CEO Anoj Sing alongside other top executives and businessmen who are currently to appear for bail at the Palm Ridge Specialised Court on Monday for corruption charges.



Their arrests are linked to an R93-million alleged train purchase tender scandal that



According to Mail &Guardian, Transnet came under fire at the state capture commission, which was chaired by Chief Justice Raymond Zondo. Leading to the second arrest of Transnet executives linked to the state capture.



Further more, the first arrest was of former Transnet CEO Siyabonga Gama, former acting CFO Garry Pit, former group treasurer Phetolo Ramosebudi, Regiments Capital shareholder Eric Wood and his employee Daniel Roy, and Kuben Moodley, owner of Albatime who will be joining the two in charges of fraud and corruption.



This is a developing story.

Sign up for Free Daily Building and Construction News
Get it FREE

Recent News

Here are recent news articles from the Building and Construction Industry.
Have you signed up for your free copy yet?

Potholes on 13th avenue in Fairland. Region B reveals over 2 500 unresolved potholes
Source: Pexels. Standard Bank, Anthem drive South Africa’s largest solar PV infrastructure project
Roadworks are planned in Geneva Crescent, Marco Close and Valencia Street in Uitzicht, Durbanville. Road works in Durbanville, Kenridge, Contermanskloof commence
Housing projects across Cape Town are facing delays at various stages, with concerns raised over coordination, infrastructure and delivery. Sheffield Road housing project completion delayed to 2027 as Cape Town faces housing crisis
Painting work gave the space a renewed and refreshed appearance. Building skills, restoring spaces and empowering Bloemhof community
Gauteng Roads and Transport MEC Kedibole Diale-Tlabela during the strategic engagement. Diale-Tlabela insources road projects, limits tenders
One of the potholes that was reported but not repaired. Sabie residents call out mayor over broken road repair promise
A large pothole on Randa Road caused by a continuous water flow. Johannesburg Roads Agency confirms they’re talking solutions for Randa Road
Construction teams continue work on the K101 road project. Midrand traffic relief on the way as K101 nears finish line
File Photo South Africa has the longest tunnel in Africa – and it’s getting a R4 billion upgrade