DStv Channel 403 Thursday, 07 November 2024

Former Transnet bosses back in court

JOHANNESBURG - Several former Transnet bosses are back at the Palm Ridge Specialised  Commerical Crimes Court.

They include former CEO Brian Molefe and CFO Anoj Singh.

READ: Former Transnet executives arrested

They're implicated in a dodgy advisory tender.

It led to a locomotive deal for 1,064 locomotives.

READ: Corruption Watch welcomes former Transnet executives' arrests

The tender was awarded to a McKinsey-led consortium in 2012.

Regiments Capital was irregularly onboarded and ended up benefitting from the irregular appointment.

The accused also face charges linked to more than R90-million paid to Trillian Asset Management in 2015.

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