State capture culprits in the dock...more on the way?

The Organisation Undoing Tax Abuse (OUTA) believes South Africans can take heart from the recent arrest of several former Transnet and Gupta loyalists. Just in the last week, the National Prosecuting Authority's Investigating Directorate, together with the Hawks, effected the arrests of five high-profile individuals linked to allegations of state capture at parastatal Transnet. The accused include former Transnet chief executive Siyabonga Gama, former Transnet acting CFO Garry Pita, former Transnet Treasurer Phetolo Ramosebudi, former Trillian Capital executive Daniel Roy, and Regiments Capital shareholder Eric Wood. The five accused, arrested on 27 May, join Kuben Moodley, a Gupta-fixer and the director of Albatime, in the dock on charges of fraud, corruption, money laundering and contravention of the Public Finance Management Act. Moodley, however, was arrested in September 2021 already. The accused are all out on bail on various amounts of between R25 000 and R250 000 and are due back in the Palm Ridge Magistrate's Court on 13 July 2022. For more on the exact nature of the allegations click here. Learn more about your ad choices. Visit megaphone.fm/adchoices