In Johannesburg last Friday (27 May 2022), five people including former senior Transnet officials, were arrested and charged with contravention of the Public Finance Management Act (PFMA), fraud, corruption and money laundering.
The arrests were carried out by the Hawks and Investigating Directorate at 07h00 at the Brackendowns Police Station.
The suspects later appeared in the Palm Ridge magistrates court sitting as the specialised commercial crimes court, where they all received bail of varying amounts of between R50,000 and R250,000, according to circumstances.
Those arrested and appearing in court were:
Siyabonga Gama, the former Transnet group CEO
Garry Pita, former group chief financial officer
Phetolo Ramosebudi, former group treasurer
Eric Wood of Regiments
Daniel Roy, Trillian Asset Management director
Also appearing in court was Kuben Moodley, accused of being a fixer for the Gupta family. Moodley was arrested in September last year and is out on bail.