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Pretoria \u2013 The Investigative Directorate of the National Prosecuting Authority (NPA) said the arrest of the five former bigwigs of state-owned enterprise Transnet will be followed with more arrests.<\/p>\n
The five face charges including fraud and money laundering in connection with Transnet\u2019s bid to acquire more than 1 000 locomotives between 2012 and 2017. The State Capture report released by Chief Justice Raymond Zondo revealed that around R70 billion was spent on the project.<\/p>\n
\u201cAs you know, the NPA\u2019s Investigative Directorate started working with the Hawks and that investigations were authorised. Transnet is one of the matters we\u2019ve looked into. We must also state that this is the second seminal matter told to Parliament by NDPP Shamila Batohi as well as Advocate Andre Johnson a few weeks ago,\u201d Investigating Directorate\u2019s spokesperson Sindisiwe Seboka told broadcaster Newzroom Afrika at the Palm Ridge Magistrate\u2019s Court.<\/p>\n
\u201cWhat we can say is that more arrests can be expected,\u201d she said.<\/p>\n
Seboka could not be drawn into disclosing the names of the five people arrested on Friday, before they appeared in court.<\/p>\n
Former Transnet chief executive officer Siyabonga Gama is reportedly among the five people arrested in relation to numerous allegations of breaching the Public Finance Management Act, fraud, corruption and money laundering.<\/p>\n
According to News24, two of the five include former Transnet CEO Siyabonga Gama and Eric Wood from the Gupta-linked companies Regiments Capital and Trillian Capital Partners.<\/p>\n
The Gupta-linked companies are also accused of fraud, corruption, and money laundering after doing \u2018advisory work\u2019 for Transnet during the acquisition of at least 1 064 locomotives.<\/p>\n
\u201cThe Investigating Directorate and the Hawks have arrested five accused who will appear before the Palm Ridge Magistrate\u2019s Court sitting as the Specialised Commercial Crimes Court this morning,\u201d Seboka said in a statement released earlier.<\/p>\n
\u201cThe arrests took place around seven this morning at the Brackendowns Police Station. They are charged with contravention of the Public Finance Management Act, fraud, corruption and money laundering,\u201d the statement said.<\/p>\n
Last year, Gama told the Commission of Inquiry into state capture that his disciplinary charges in 2009 at the freight rail agency were a ploy to prevent him from succeeding Maria Ramos as the GCEO.<\/p>\n
Gama was reacting to questions posed by the evidence leader advocate Anton Myburgh that his reinstatement to the post as CEO in April 2011 had been politically motivated and former president Jacob Zuma was behind it.<\/p>\n
This is a developing story.<\/p>\n
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