Brian Molefe, Siyabonga Gama, Anoj Singh due back in court for state capture-linked trial

Eleven accused are due to appear in the Transnet fraud and corruption case in the Palm Ridge specialised commercial crimes court on Friday.

They are former group CEOs Brian Molefe and Siyabonga Gama, former CFO Anoj Singh, ex-CFO Garry Pita and former group treasurer Phetolo Ramosebudi.

They will appear with Regiments Capital directors Niven Pillay and Litha Nyhonyha, ex-Regiments shareholder Eric Wood and his employee Daniel Roy, and Kuben Moodley, owner of Albatime, in a case involving more than 50 counts of fraud and corruption.

Recently, Goitseone Mangope, a representative of multinational management consulting firm McKinsey South Africa, was added in the case.

Vigas Sagar, a former principal and employee of McKinsey, who's believed to be outside the country, has also been indicted.

The former executives are charged with contravening the Public Finance Management Act and fraud, while others are charged with fraud and money-laundering.

The charges relate to millions Transnet paid Trillian for organising a R30bn club loan to help buy 1,064 locomotives. It was allegedly a double payment as Transnet had already paid Regiments, where Wood was also a director, for the work. Trillian allegedly did nothing to earn the fee but invoiced Transnet.

At their first appearance in August, Molefe and Singh were granted R50,000 bail each. 

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