By REGINALD KANYANE
27 June 205- Mervyn Casterns, the CEO of Pulling and Sharing Joint Venture (PSJV) was arrested on 26 June 2025 in Cape Town and appeared before the Belville court on 27 June 2025, on charges of fraud and the Contravention of the Diamond Act. Daniel Nathan, Kubentheran Moodley and Martha Rapetsoa were also arrested on Friday morning, 27 June 2025 in Gauteng and appeared before the Palm-Ridge Court on 27 June 2025 on the same charges.
The Investigating Directorate Against Corruption (IDAC) spokesperson, Henry Mamothame said Carstens’s matter was transferred from Belville to Palm-Ridge Court on 30 June 2025. Mamothame said Nathan was granted R100 000 bail, while Moodley and Rapetsoa were each granted R30 000 bail.
“Strict bail conditions were imposed, and the accused were ordered to report to their nearest police station once a week and handover their passports to the investigating officer.
“Their court appearance emanates from the contract awarded in 2015 to Scarlet Sky Investments 60 (SSI), which gave it exclusive rights to market and sell the diamonds produced by the PSJV, a joint venture between the Alexkor and the Richtersveld community,” he said.
Mamothame further said they allegedly acquired diamonds which they sold for gain for more than what SSI was entitled to in terms of the contract. He added that, several individuals and affiliated companies through the marketing tender allegedly acquired diamonds from sales conducted by Scarlet Sky for and on behalf of the PSJV for a period of over five years.
“This Alexkor investigation conducted by the NPA’’s IDAC, emanates from the findings of the Commission of Inquiry into allegations of State Capture, Corruption and Fraud in the Public Sector Including organs of State,” said Mamothame.
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