Molefe, co-accused in R398m case back in court in April

FORMER Transnet group chief executive Brian Molefe and his co-accused appeared in the Palm Ridge Specialised Crimes Court yesterday in the Transnet R398.4-million corruption case.

State advocate Thembela Bakamela told the court the matter would be postponed to April 20.

Molefe appeared alongside former chief executive Siyabonga Gama, former group chief financial officer Anoj Singh, former group chief financial officer Garry Pita and former group treasurer Phetolo Ramosebudi.

The five, along with representatives of private companies Mckinsey & Co SA, Regiments Capital and Trillian Asset Management, have been charged with contravention of the Public Finance Management Act (PFMA), fraud, corruption and money laundering in connection with Transnet’s procurement of 1 064 locomotives in 2015 worth over R54 billion.

The group was arrested after Chief Justice Raymond Zondo’s report on state capture recommended that Molefe, Gama, Ramosebudi and others associated with the alleged corruption should face criminal prosecution.

Molefe, Singh and Gama were released on bail of R50 000 each at their first appearance in August.