HomeAfrica-NewsFormer head of Transnet will appear in court for corruption and money...

Former head of Transnet will appear in court for corruption and money laundering

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A former Transnet executive will appear in court.

A former Transnet executive is due to appear before the Johannesburg Specialized Commercial Crimes Court in Palm Ridge on Wednesday on charges of corruption and money laundering.

The former chief will appear together with directors of a company that carried out railway maintenance in Transnet.

National Tax Authority spokesman Phindi Mjonondwane said the charges stemmed from an illegal payment of 25 million rand made in December 2011.

Mjonondwane said the former executive had made the payment without Transnet’s knowledge or authorization.

The company that received the funds allegedly paid the former boss R300,000.

READ | NPA Directorate of Investigation to become permanent as Ramaphosa announces series of anti-corruption measures

The money was allegedly used to buy a R3.7 million house in Bassonia in Johannesburg.

Mjonondwane said the same manager received a rug worth R20,000 from another company contracted by Transnet.


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