Eric Wood From Siyabonga Gama Arrested
On Friday, former Transnet CEO Siyabonga Gama and Trillian's Eric Wood, and three other executives appeared before the Palm Ridge specialized commercial crimes court.
Former Transnet finance head Garry Pita, ex-treasurer Phetolo Ramosebudi, and Trillian co-founder Daniel Roy are the other defendants.
The five arrests were announced by the National Prosecuting Authority's Investigating Directorate (ID) early on Friday, with the accused facing allegations of allegedly violating the Public Finance Management Act, fraud, corruption, and money laundering.
They joined alleged Gupta family fixer Kuben Moodley, who was arrested in September in connection with the case, according to ID spokesperson Sindisiwe Seboka.
Moodley's arrest on charges of fraud, theft, corruption, and money laundering was linked to contracts allegedly improperly awarded by Transnet to Regiments Capital and Trillian and alleged robbery from the Transnet Second, Defined Benefit Fund by Regiments Fund managers, according to TimesLIVE at the time.
Former Transnet officials, including Pita, are among those whose transactions with the Guptas and their associates should be examined, according to state capture investigation chairperson Chief Justice Raymond Zondo.