FORMER TRANSNET EXECUTIVE AND COMPANY MANAGERS IN COURT FOR ALLEGED CORRUPTION AND MONEY LAUNDERING

FORMER TRANSNET EXECUTIVE AND COMPANY MANAGERS IN COURT FOR ALLEGED CORRUPTION AND MONEY LAUNDERING

A former Transnet Executive and managers of a company that did rail maintenance for Transnet will appear in the Johannesburg Specialised Commercial Crimes Court sitting in Palm Ridge Magistrates’ Court tomorrow, 09 November 2022 facing charges of corruption and money laundering.

It is alleged that in December 2011, the former executive signed off an ancillary contractual payment worth R25 million to a certain company without consultation, knowledge and approval of Transnet, following a contractual dispute lodged by the company. Furthermore, it is alleged that the former executive was paid at least
R300 000 by the same company, towards purchasing a house in Bassonia to the value of R3,7 million. The same manager is alleged to have received a carpet worth
R20 000 from another company contracted to Transnet.

The case forms part of the high priority corruption matters that the Specialised Commercial Crimes Unit (SCCU) of the National Prosecuting Authority is seized with.