Brian Molefe, Anoj Singh, two others granted bail of R50 000 each
They were handcuffed with Regiments Capital directors Niven Pillay and Litha Nyhonyha, who have also made bail applications.
Former Group Chief Executive of Transnet Brian Molefe, former Group Chief Financial Officer Anoj Singh, Regiments Capital Directors Niven Pillay and Litha Nyhonhya. Image: NPA
The R93 million fraud and corruption case against several former Transnet executives has been postponed to t14 October.
Brian Molefe and Anoj Singh made a formal bail application on Monday.
They were handcuffed by the National Prosecuting Authority’s (NPA) Investigating Directorate, assisted by the Hawks with Regiments Capital directors Niven Pillay and Litha Nyhonyha, who have also made bail applications.
The executives, including former Transnet CEO Siyabonga Gama, former acting group CFO Garry Pita and former group treasurer Phetolo Ramosebudi appeared at the Palm Ridge Specialised Crimes Court on Monday morning.
Gupta-linked Regiments shareholder Eric Wood and Trillian Asset management director Daniel Roy also appeared in the dock.
Molefe, Singh, Wood and Roy were granted bail of R50 000 each.
The legal representatives of all five and the state agreed on the postponement after a request for the full disclosure and charge sheet to be placed on record, and have asked that the draft documents be ready at least two weeks prior the next appearance.
The case is linked to R93-million “double invoicing” in June 2015.
In simple terms, Transnet appointed consultants to advise them to secure financing – approximately $2.5 billion (R31.5 billion at the time) – for the state-owned rail company to procure 1 064 locomotives.
Pita and Gama approved the payment in December 2015, and three days later R74 million was paid to Moodley’s company, Albatime. In June 2015, Transnet had paid Regiments R189 million – allegedly for the same services.
Damning evidence of Molefe and Singh’s alleged corruption was presented to the Zondo Commission.
The pair not only led Transnet but were transferred to head Eskom at the very height of the State Capture period.
Sindisiwe Twala Seboka, Investigating Directorate spokesperson says more people can be expected to be arrested.
“This arrest and court appearance signifies a critical move in closing the circle in holding to account all those who are alleged to have been at the core of state capture in Transnet, and is one of the seminal cases that the NPA has committed to enrolling by the end of September.”
Seboka says the state further issued warrants of arrest for Salim Essa and Ashok Narayan who is currently out of the country.
Meanwhile the Democratic Alliance (DA) has welcomed the arrests of Molefe, and Singh.
“Under Molefe and Singh, the Guptas and other ANC cadres used Transnet as their own personal piggy bank,” said MP Glynnis Breytenbach in a statement on Monday morning.