THE accused in the Transnet multimillion rand corruption case have been furnished with the draft charge sheet.
They briefly appeared in the Palm Ridge Specialised Crimes Court on Friday, 14 October, on charges of contravention of the Public Finance Management Act, fraud, corruption and money laundering.
The parties involved include former CEO Brian Molefe, another former CEO Siyabonga Gama, former CFO Anoj Singh, Regiments Capital directors Niven Pillay and Litha Nyhonhya, former CFO Garry Pita, former treasurer Phetolo Ramosebudi, Regiments shareholder Eric Wood, Trillian Asset Management current director Daniel Roy (Novum Asset Management), Albatime owner Kuben Moodley and McKinsey & Co.
The charges stem from the locomotives transaction advisory tender, which was awarded to the McKinsey-led consortium in 2012, resulting in the procurement of 1 064 locomotives worth over R54 billion. Regiments Capital was irregularly on-boarded and ended up benefitting from the appointment by Transnet.
The contract value and scope for the services required was later escalated to more than R305 million.
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This agreement included, among other services, the sourcing of the China Development Bank loan and Club loan, amounting to $2,5 billion (about R30 billion at the time) on behalf of Transnet.
The group also face charges linked to the R93,4 million paid to Trillian Asset Management in 2015.
Investigating Directorate spokeswoman Sindisiwe Seboka said arrangements had been made to fully disclose contents of the voluminous docket to the defence team.
"Because of the of the large nature of the docket sought to be disclosed, we have requested that the accused provide us with hard drives in order to upload the said contents," she said.
The matter was postponed to 30 November.
