Former Transnet executives Siyabonga Gama and Brian Molefe, along with two others, have voluntarily turned themselves in to authorities amid fraud and corruption allegations tied to a R93 million locomotive procurement deal.
They are scheduled to make their first court appearance today, June 30, 2025.
The charges are linked to a controversial 2015 tender involving the acquisition of 1,064 locomotives, a project initially valued at over R54 billion. The case includes accusations of violating the Public Finance Management Act, along with fraud, corruption, and money laundering.
Siyabonga Gama and Brian Molefe
Companies associated with the Gupta family, including Regiments Capital and Trillian Asset Management, are reportedly involved. Investigators are focusing on suspicious payments — including R93.4 million to Trillian — and inflated contract costs amounting to R305 million.
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