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Former Transnet bosses back in court
Former Transnet CEO Brian Molefe and Chief Financial Officer Anoj Singh are expected in court. They're implicated in a dodgy locomotive tender worth almost R400-million.
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.
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.