Former Transnet chief executive Siyabonga Gama and others granted bail

Former Transnet chief executive Siyabonga Gama’s bail was set at R50 000 after appearing before the Palm Ridge magistrate’s court following his arrest at Brackendown police station on 27 May.

The former Transnet group chief executive said in his bail application that he had “no intention to evade justice” and has no previous convictions. His defence attorney read out his affidavit and quoted Gama saying, “I can’t afford to be a fugitive of justice.” 

State prosecutor Themebela Bakamela did not oppose bail. He said the defendants were being accused of laundering R93-million during the time they were affiliated with Transnet. 

Gama, alongside Regiment’s founding partner Eric Wood, former Transnet chief financial officer Garry Pita, former Transnet treasurer Phetolo Ramosebudi and Trillian Asset Management director Daniel Roy, submitted their application for bail after handing themselves over to the police earlier that morning. Co-accused Kuben Moodley was arrested in September 2021. They are being charged with contravention of the Public Finance Management Act, money laundering and fraud. 

Their arrest comes after the second part of Chief Justice Raymond Zondo’s report on state capture, which was handed to President Cyril Ramaphosa in February 2022, recommended that Gama, Woods, Pita, Ramosebudi, Roy and others associated with the alleged corruption should face criminal prosecution. 

Making his argument for bail, Gama said he has always complied with the law, which is proven by his appearance before the Zondo commission of inquiry in April 2021.

The Mail and Guardian previously reported that Gama was fired from Transnet in 2018 after allegations of misconduct and maladministration. A forensic report compiled by Mncedisi Ndlovu & Sedumedi Attorneys together with Fundudzi Forensic Investigators alleged that Gama was involved in the corrupt awarding of a contract to China South Rail amounting to more than R50-billion for 1064 locomotives. 

Along with Gama, Pita and Roy were granted bail at R50 0000. Woods was released on R250 000 bail and Ramosebudi’s bail was set at R25 000.

Magistrate Brain Neavhidi accepted the prosecution’s request to postpone the matter until 13 July for the state to arrest the seventh accused in the matter.

We make it make sense

If this story helped you navigate your world, subscribe to the M&G today for just R30 for the first three months

Subscribers get access to all our best journalism, subscriber-only newsletters, events and a weekly cryptic crossword.”

Yamkela Koti
Yamkela Koti is an intern at the Mail & Guardian

Related stories

WELCOME TO YOUR M&G

Already a subscriber? Sign in here

Advertising

Latest stories

Tunisia struggles to grow more wheat as Ukraine war bites

Since the Ukraine war sent global cereal prices soaring, import-dependent Tunisia has announced a push to grow all its own durum wheat, the basis for local staples like couscous and pasta.

Democracy under serious and sustained attack from within the US

Far-right Republicans and the conservative supreme court are working on a carefully laid plan to turn the US into a repressive regime

Grilling for UK leader Boris Johnson after top ministers quit

The prime minister has faced lawmakers' questions after two of the most senior figures in his government resigned. The finance and health ministers said they could no longer tolerate the culture of scandal

Declare an ‘energy emergency’, says National Planning Commission

The commission said the goals of the National Development Plan, which it is charged with advancing, ‘cannot be achieved without energy security’
Advertising

press releases

Loading latest Press Releases…
×