• News
  • Sport
  • TV
  • Radio
  • Education
  • TV Licences
  • Contact Us
No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • SCI-TECH
  • LIFESTYLE
  • FEATURES
  • OPINION
Home Business

Gupta-linked fraud accused Kubentheran Moodley granted bail

29 September 2021, 7:40 PM  |
Horisani Sithole Horisani Sithole |  @SABCNews
Court

A court gavel seen on a judge's table

Court

Image: Reuters

A court gavel seen on a judge's table

Gupta-linked fraud accused, Kubentheran Moodley, has been granted R150 000 bail by the Palm Ridge Specialised Commercial Crimes Court, in Ekurhuleni. The alleged middleman for the Gupta family was arrested at the OR Tambo International Airport on Tuesday night before he could board a plane to Dubai.

Moodley faces several counts of fraud, theft, and money laundering totalling R307 million. The alleged offences were committed between 2012 and 2017.

The money laundering charges relate to the proceeds received into two Albatime business bank accounts, one held at ABSA and the other at the Bank of Baroda, from contracts improperly awarded by Transnet to Regiments Capital and Gupta linked Trillian.

It is alleged Moodley, through his company Albatime, was the middleman in the Transnet, Regiments Capital, and Trillion corruption saga.

Court proceedings:

Trillion is one of the companies state-owned, Transnet is said to have paid millions of rand for consultancy services.

“The Palm Ridge Specialised Commercial Crimes Court granted businessman Kuben Moodley bail of R150 000 and the matter was postponed to 28 February 2022. Moodley stands accused in his personal capacity and as a representative of Albatime Pty Ltd for offences involving R307 million between June 2012 and 2017 on several counts of charges of fraud, theft, and money laundering,” says Investigating Directorate Spokesperson Sindisiwe Seboka.

Last year, Moodley’s assets, worth R232 million, were placed under curatorship after allegations that he illegally benefited from kickbacks. He has denied any involvement.

Seboka says his bail was granted with conditions.

“The court ruled that he should report twice to the Sandton Police Station on Mondays and Fridays between 06:00 – 18:00 and hand over his passport to the investigating officer in court today.”

The matter is due back in court in February next year.

Share article
Tags: TrillionGuptasKubentheran Moodley
Previous Post

University of Fort Hare Convocation pledges R150 000 to Nosicelo Mtebeni’s family

Next Post

SA’s COVID-19 cases surpass 2,9 million

Related Posts

Power lines

Six Eskom power stations identified as primary cause of rolling blackouts

8 February 2023, 9:15 PM
Shopping cart loaded with grocery.

CEOs of CGCSA-member companies highlight rising cost of doing business in SA

8 February 2023, 9:08 PM
Thando Makhubo of Jabulane in Soweto used his R350 grant to open Soweto Creamery.

Soweto ice cream business hailed during SONA may close due to load shedding

8 February 2023, 6:32 PM
President Cyril Ramaphosa

Labour, economists share their expectations of President Ramaphosa’s speech

8 February 2023, 3:10 PM
Cable car transporting visitors to the top of Table Mountain in Cape Town.

ConCourt declares COVID-19 Tourism Relief Fund unlawful

8 February 2023, 11:46 AM
[File Image]: President Cyril Ramaphosa addresses the first sitting of the National Assembly on the occasion of his election as the President of the Republic of South Africa.

Business Unity SA appeals to Ramaphosa to appoint competent leaders

8 February 2023, 10:28 AM
Next Post
The ultrastructural morphology exhibited by the 2019 Novel Coronavirus.

SA's COVID-19 cases surpass 2,9 million

Most Viewed

  • 24hrs
  • Week
  • Month
  • Green comet to be visible from SA next week
  • SA Weather Service warns of maximum temperatures in Cape Town
  • VIDEO: Mabuza resigns as SA Deputy President
  • Budding Stellenbosch FC star reportedly stabbed to death
  • Several areas in Gauteng without water
  • Parts of the Northern Cape to be exempted from rolling blackouts
  • Green comet to be visible from SA next week
  • Registration at Unisa closes on Friday, but management says no need to panic
  • VIDEO | St Benedict College’s Matric learner gets 11 distinctions
  • Limpopo matriculant from child-headed household attains diploma pass
  • Several areas in Gauteng without water
  • ‘Sisulu should be fired for her unacceptable behaviour’
  • Zuma vs Ramaphosa heads to the ConCourt
  • Turkey-Syria quake death toll passes 7 800
  • Being slammed on social media led to my arrogance: SA Tourism CEO

LATEST

The multi-stakeholder group believes there are solutions to the power crisis that do not have to include the declaration of a national state of disaster.  
  • SONA 2023
  • South Africa

Legal battle on horizon if Ramaphosa declares a national state of disaster over Eskom crisis


Gavel seen in a courtroom
  • South Africa

E Cape Health exempts from making upfront lump sum payment in case of medico-legal claim


Soldiers guard positions near the Naaba Koom military base in Ouagadougou, Burkina Faso. (File)
  • Africa

Gunmen kill two MSF workers in west Burkina Faso


Power lines
  • Eskom rolling blackouts
  • Business

Six Eskom power stations identified as primary cause of rolling blackouts


Shopping cart loaded with grocery.
  • SONA 2023
  • Business

CEOs of CGCSA-member companies highlight rising cost of doing business in SA


  • SONA 2023
  • Politics

Disruptions to President’s SONA will be firmly dealt with: Mapisa-Nqakula


Weather

  • About the SABC
  • Contact Us
  • Jobs
  • Advertise
  • Disclaimer
  • Site Map

SABC © 2023

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • SCI-TECH
  • LIFESTYLE
  • FEATURES
  • OPINION

© 2022

Previous University of Fort Hare Convocation pledges R150 000 to Nosicelo Mtebeni’s family
Next SA’s COVID-19 cases surpass 2,9 million