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.
The Guardian 