Case against Brian Molefe, Anoj Singh and co-accused postponed for trial

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Former Transnet executives Brian Molefe, Anoj Singh, and seven co-accused appeared before the Johannesburg High Court on Friday.

They are facing charges of the contravention of the Public Finance Management Act (PFMA) and fraud. 

The case involves their cpo-accused Siyabonga Gama, Garry Pita, Phetolo Ramosebudi, as well as Regiments Capital Directors Niven Pillay and Litha Nyhonhya, Trillian Asset Management’s Director Daniel Roy (Novum Asset Management), Kuben Moodley, and Albatime Pty Ltd owner.

Their case was postponed to October 11 for a trial date.

According to the Investigating Directorate spokesperson Henry Mamothame, all parties agreed that the state would reply by September 17 to further particulars from the defence attorneys. 

“The state has put it on record that it objects to Adv Shaun Abrahams representing Brian Molefe in the matter, as he was the National Director of Public Prosecutions (NDPP) when a strategy was put in place for prosecuting the matter.

“Judge Mohamed Ismail ordered both parties to resolve the matter within two weeks. 

“Their charges which include fraud, corruption, and money laundering, stem from the locomotives transaction advisory tender awarded to the McKinsey-led consortium in 2012, resulting in the procurement of 1064 locomotives valued at over R54 billion,” Mamothame remarked.

He added; “Regiments Capital was irregularly brought into the contract and benefited from Transnet’s irregular appointment, increasing the contract’s value and scope to over R305 million. 

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“Their services included sourcing loans from the China Development Bank and the Club loan, amounting to $2.5 billion, equivalent to R30 billion at the time, on behalf of Transnet.

“Additionally, the accused also face charges related to the R93.4 payment to Trillion Asset Management in 2015.”