Mar 22, 2023

Mawazo Writing Africa

Writing about the main

Five former Transnet executives arrested for fraud and corruption

Five former senior Transnet executives have been arrested on alleged violations of the Public Finance Management Act, fraud, corruption and money laundering.

The investigative agency said the five would appear in Palm Ridge Magistrates’ Court The Specialized Economic Crimes Court will appear on Friday.

“The arrests took place at around 7am this morning [Friday] at Brackendowns Police Station,” said national spokesman for the Investigative Directorate Sindisiwe Seboka.

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