Former Transnet executives including, Brian Molefe and Siyabonga Gama, in court over alleged R93 million locomotive tender fraud

Four former Transnet executives are appearing in the Palm Ridge Magistrates court, in Ekurhuleni after handing themselves over to police this morning. Their appearance is linked to an alleged fraudulent 93-million-rand locomotive tender. In 2012, Transnet went on a tender for the acquisition of the more than one-thousand locomotives deal. The executives are charged in connection with an irregular payment of R93,4 million to Trillian Asset management for organising a R30 billion loan to help buy locomotives. It's alleged it was a double payment as Transnet had already paid another transaction advisory firm - Regiments. Trillian allegedly did nothing to earn the fee but invoiced Transnet.