The National Prosecuting Authority has warned of more arrests after five former Transnet executives including former Chief Executive Officer Siyabonga Gama were arrested for alleged corruption on Friday.
They have also been charged with fraud, money laundering and contravening the Financial Management Act when former President Jacob Zuma was in power.
Five former senior Transnet executives appear in court:
The accused who appeared in the Palm Ridge Magistrate’s Court in Johannesburg and were granted bail will be back in court in July.
Magistrate Brian Nemavhidi outlined the accused’s bail conditions: “Bail is set at a cash deposit of R50 000 on the same conditions that your passport remain with the investigating officer, applicant number six but accused number seven your bail is fixed at a cash deposit of R20 000 and your travel documents are to remain with the investing officer.”
“Regarding accused number three to seven, whenever it’s essential that you travel you should approach the investing officer who will liaise with the state council, thereafter you’ll be brought to court and the court will determine the conditions of travel.”
