Ex-Transnet executives Molefe, Singh granted bail
The corruption and fraud case against former Transnet CEO Brian Molefe, former CFO Anoj Singh and co-accused has been postponed to 14 October.
The accused were arrested on Monday morning by the Hawks on charges of corruption, fraud, money laundering, and contravention of the Public Finance Management Act.
The case relates to a R93-million corruption and fraud case linked to the procurement of more than 1 000 locomotives in 2015.
This follows the evidence that was presented to the commission of inquiry into state capture.
Molefe, Singh, Niven Pillay, and Litha Nyhonyha were all released on an R50 000 bail by the Palm Ridge Specialised Commercial Crimes Court.
The accused join seven other accused including former Transnet CEO Siyabonga Gama, former Transnet acting Group CFO Garry Pita, former Group Treasurer Phetolo Ramosebudi, Gupta-linked companies Regiments shareholder Eric Wood and Trillian Asset Management Director Daniel Roy.
"The court is in the view that it will be in the interest of justice that the four applicants be admitted to bail, the application is granted. Your passports will all be held by the state and whoever needs a passport to travel will make arrangements with the investigating officer,” said magistrate Emmanuel Magampa.
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