Tag Archives: Kuben Moodley

Transnet locomotives corruption case postponed for trial

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By BAKANG MOKOTO

31 January 2025- The former Transnet executives Brian Molefe, Anoj Singh, 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, appeared before the Johannesburg High Court on charges of the Contravention of the Public Finance Management Act (PFMA), fraud, money laundering and corruption.

The Investigating Directorate Against Corruption (IDAC) spokesperson, Henry Mamomothame said the matter was postponed to 2 February 2026, for trial. Mamothame said the state and defence teams will in the interim engage on the issue of further particulars, which they intend to request from the state, and the judge ordered that it be resolved by 30 June 2025.

“The matter relating to Adv Shaun Abrahams will be adjudicated by the ombudsman, following the state’s opposition of Adv Abrahams, who was the NDPP, representing an accused in this matter.

“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,” he said.

Mamothame further said it is alleged that Regiments Capital, who benefitted, was irregularly brought into the contract, increasing the contract value and scope to over R395 million.

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A fraud and money laudering case against former Transnet executives postponed

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Picture: The MK Party Member of Parliament (MP), Brian Molefe 

By OBAKENG MAJE

14 October 2024- Former Transnet executives, Brian Molefe, Anoj Singh, 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, appeared before the Johannesburg High Court on charges of contravention of the Public Finance Management Act (PFMA) and fraud.

The matter was postponed to 31 January 2025 for the state to provide the accused with further particulars.

The National Prosecuting Authority’s Investigating Directorate against Corruption (IDAC) spokesperson, Henry Mamothame said the charges against the accused include fraud, corruption, and money laundering stem from the locomotives transaction advisory tender awarded to the McKinsey-led consortium in 2012.

Mamothame said this resulted in the procurement of 1064 locomotives valued at over R54 billion.

“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.

“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 million payments to Trillion Asset Management in 2015,” he said.

Mamothame further said all the accused are expected back in court in January 2025 when the matter resumes.

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Brian Molefe and co-accused’s R80m Transnet corruption case postponed

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Picture: The former Transnet Executive, Brian Molefe/Google 

By REGINALD KANYANE 

A fraud and Contravention of the Public Finance Management Act (PFMA) case against former Transnet executives, Brian Molefe, Anoj Singh, 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, has been postponed by the Johannesburg High Court to 11 October 2024. 

The National Prosecuting Authority’s Investigating Directorate spokesperson, Henry Mamothame said the case was postponed to 11 October 2024 for a trial date. Mamothame said all parties agreed that the state would reply by 17 September 2024, 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 locomotive transaction advisory tender awarded to the McKinsey-led consortium in 2012,” he said. 

Mamothame further said this resulted in the procurement of 1064 locomotives valued at over R54 billion. He added that 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. 

“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 payments to Trillion Asset Management in 2015. 

“The NPA’s Investigating Directorate (ID) is on course in ensuring that those allegedly responsible for state capture are held accountable and that impunity is no longer a given,” said Mamothame. 

He said all the accused are expected back in court in October when the matter resumes. 

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