The Palm Ridge Specialised Crimes Court recently postponed the Transnet R398.4m Transnet 1064 consultancy corruption contract court case to November 30.
The accused have been supplied with the draft charge sheet and arrangements made to fully disclose the contents of the large docket.
The accused are charged with contravention of the PFMA, fraud, corruption and money laundering.
The accused are McKinsey and Companies SA, represented by employee Goitseone Mangope, and ex-group chief executive of Transnet Brian Molefe.
They include former group chief financial officer Anoj Singh, Regiments Capital Directors Niven Pillay and Litha Nyhonhya, former group chief executive of Transnet Siyabonga Gama.
Former group chief financial officer Garry Pita, former group treasurer Phetolo Ramosebudi, Regiments shareholder Eric Wood, Trillian Asset Management current director, Daniel Roy (Novum Asset Management) and Kuben Moodley, Albatime Pty Ltd owner are among others.
Serious charges
The group is accused of charges stemming from the locomotives transaction advisory tender, which was awarded to the McKinsey-led consortium in 2012, resulting in the procurement of 1 064 locomotives worth over R54b.
According to ID national spokesperson Sindisiwe Seboka, Regiments Capital was irregularly brought on board and ended up benefitting from the irregular appointment by Transnet in respect of the contract.
“The contract value and scope for the services required was later escalated to more than R305m. This agreement included, among other services, the sourcing of a China Development Bank loan and the club loan, which were in the amount of $2.5b, on behalf of Transnet (equivalent to R30b at the time),” explained Seboka.
She said the accused also faced charges linked to the R93.4m paid to Trillian Asset Management in 2015.
https://albertonrecord.co.za/331483/watch-brian-molefe-and-ex-transnet-executives-granted-r50k-bail/
