Ex-Transnet CEO Siyabonga Gama, co-accused fraud case postponed to August - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The multi-million-rand fraud case involving five former Transnet executives, including former Group Chief Executive Siyabonga Gama, has been postponed to 29 August.

They are accused of contravening the Public Finance Management Act , fraud, corruption and money laundering.NPA’s Investigating Directorate , spokesperson Sindisiwe Seboka says the case has been postponed for further investigations.

“This forms part of the State Capture leg that we are investigating. This pertains to one particular transaction of about R93.4 million which pertains to Trillian as well as Transnet. The former heads of Transnet stand accused of signing off or approving that particular payment.” “The contractor Trillian stands accused of receiving that [money]. What we are alleging, [is the] falsifying that particular amount. We are going after what we believe are the key persons in terms of the capture of Transnet,” explains Seboka.

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