27 May 2022 1 Min Read
Five former Transnet executives arrested for fraud and corruption
in News by Nivashni Nair
Five former senior Transnet executives were arrested on Friday morning.
Image: 123RF/Olivier Le Moal
Image: 123RF/Olivier Le Moal
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Five former senior Transnet executives have been arrested for allegedly contravening the Public Finance Management Act, fraud, corruption and money laundering.
The Investigating Directorate said the five would appear in the Palm Ridge magistrate’s court sitting as the specialised commercial crimes court on Friday.
“The arrests took place at about 7am this morning [Friday] at Brackendowns police station,” said Investigating Directorate national spokesperson Sindisiwe Seboka.
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