Siyabonga Gama

South African law-enforcement officials arrested a former chief executive officer of the state ports and freight rail company and senior finance officials ...

Former Transnet chief executive Siyabonga Gama and four others have been arrested on charges of fraud, corruption and money laundering.

When Molefe was seconded to Eskom in April 2015, Gama was appointed as acting Transnet group chief executive. In 2010 Zuma appointed Malusi Gigaba — “an admitted associate of the Gupta enterprise” — as Hogan’s replacement. On Friday, the Investigating Directorate announced that the Hawks had arrested five former Transnet executives at 7am.

Former Transnet CEO Siyabonga Gama and Trillian's Eric Wood appeared in the specialised commercial crimes court in Palm Ridge on Friday together with three ...

Former Transnet CEO Siyabonga Gama and Trillian’s Eric Wood appeared in the specialised commercial crimes court in Palm Ridge on Friday with three other executives. Gama is among the former Transnet executives, including Pita, who state capture inquiry chairperson chief justice Raymond Zondo said should be investigated over transactions between the state-owned enterprise and the Guptas and their associates. Former Transnet boss Siyabonga Gama appears in court

The five men, charged with fraud, corruption and money laundering, have been granted bail ranging from R25 000 to R250 000, and Magistrate Brian Nemavhidi ...

In July to October 2015, the same officials in Transnet started facilitating the termination of the JB Morgan contract. “Three days after that, R74 million was paid to Albatime, owned by Kuben Moodley, for no apparent reason. “Later in May 2015, Transnet appointed JB Morgan for advisory services.

The five are charged with contravention of the Public Finance Management Act, fraud, corruption and money laundering.

“The arrest took place around 7 this morning at the Brackendowns Police Station. They are charged with contravention of the Public Finance Management Act, fraud, corruption and money laundering.” According to News24, two of the five include former Transnet CEO Siyabonga Gama and Eric Wood from the Gupta-linked companies Regiments Capital and Trillian Capital Partners. Pretoria – Former Transnet chief executive officer Siyabonga Gama is among five people arrested in relation to numerous allegations of breaching the Public Finance Management Act, fraud, corruption and money laundering.

The former CEO of Transnet was among five senior executives arrested on Friday to face charges fraud, corruption and money laundering.

Former Transnet CEO Siyabonga Gama and Trillian’s Eric Wood appeared in the specialised commercial crimes court in Palm Ridge on Friday with three other executives. Former Transnet CEO Siyabonga Gama appears in the dock at the specialised Commercial Crimes court sitting at the Palm Ridge Magistrates court, south of Johannesburg, on May on 27 May 2022 2022. The former CEO of Transnet was among five senior executives arrested on Friday to face charges fraud, corruption and money laundering

Gama, Eric Wood, Garry Pita, Phetolo Ramosebudi and Daniel Roy appeared before the Palm Ridge magistrate's court on charges of fraud, money laundering and ...

The Mail and Guardian previously reported that Gama was fired from Transnet in 2018 after allegations of misconduct and maladministration. The former Transnet group chief executive said in his bail application that he had “no intention to evade justice” and has no previous convictions. Gama, alongside Regiment’s founding partner Eric Wood, former Transnet chief financial officer Garry Pita, former Transnet treasurer Phetolo Ramosebudi and Trillian Asset Management director Daniel Roy, submitted their application for bail after handing themselves over to the police earlier that morning.

The suspects were arrested on Friday morning in connection to corruption amounting to R93 million following investigations by the Hawks.

The suspects were arrested on Friday morning in connection to corruption amounting to R93 million following investigations by the Hawks. The suspects were arrested on Friday morning in connection to corruption amounting to R93 million following investigations by the Hawks. The NPA's Sindisiwe Seboka said the accused were involved in a payment issued by Transnet for services that had been rendered by another service provider.

News24 has established that two of the five arrested on Friday include former Transnet CEO Siyabonga Gama and Eric Wood from the Gupta-linked companies ...

One of the findings was that Transnet suffered R1.5 billion in losses as a result of various transactions recommended by Regiments for which it was paid a total of R229 million in fees between 2015 and 2019. These include R79.2 million Transnet paid to Regiments on 30 April 2014, R93.48 million paid to Trillian on 4 December 2015, a Range Rover Sport which was purchased for Ramosebudi in exchange for Trillian being appointed to replace JP Morgan as the lead arranger of a R12 billion club loan, for which Trillian was paid R93.4 million. In the second volume of the State Capture Inquiry report, commission chair Chief Justice Raymond Zondo recommended the prosecution of Gama, Wood, former Transnet CEO Brian Molefe, CFO Anoj Singh, Gupta fixer Kuben Moodley and former Transnet treasurer Phetolo Ramosebudi for numerous findings.