Al Jazeera

S African prosecutors arrest ex-Transnet officials in Zuma case

2 years ago 186

The officials are facing charges of fraud and breaching public finance regulations linked to a 2015 procurement scandal.

South African prosecutors have arrested several former executives at public logistics company Transnet, which is at the centre of a high-profile investigation into corruption during Jacob Zuma’s tenure as president.

On Monday, South Africa’s National Prosecuting Authority (NPA) said Transnet’s former chief executive officer Brian Molefe and finance chief Anoj Singh were among four people held in connection with a multimillion-dollar corruption case.

“Several arrests of former Transnet executives have been effected this morning, through arrangement with their legal representatives”, the NPA said in a statement.

The arrested appeared before a court in Johannesburg on Monday and were granted 50,000 rand (about $3,000) bail.

An NPA spokesperson confirmed to the AFP news agency the executives are facing charges of fraud and breaching public finance regulations, linked to a 93 million rand ($5.5m at the current exchange rate) corruption and fraud case surrounding the 2015 procurement of more than 1,000 locomotives....

Read Entire Article on aljazeera.com