Sound health and lasting wealth
  • Home
  • Health
    • Children’s Health
    • Men’s Health
    • Women’s Health
  • Diseases
  • Health News
    • COVID-19
  • Nutrition
  • Food
  • For you
    • People
    • Shalw Gist
    • Celebrity Healtth
  • Advertise Here
Sound health and lasting wealth
  • Home
  • Health
    • Children’s Health
    • Men’s Health
    • Women’s Health
  • Diseases
  • Health News
    • COVID-19
  • Nutrition
  • Food
  • For you
    • People
    • Shalw Gist
    • Celebrity Healtth
  • Advertise Here
  • People

What Happened To Siyabonga Gama Former Transnet CEO? Money Laundering and Fraud Charges

  • No comments
Up next
Joe And Irma Garcia Kids – Who Are Their Children? Details Of Texas Shooting
Published on 27 May 2022
Author
shalw

What Happened To Siyabonga Gama Former Transnet CEO? The arrest of Siyabonga Gama, Chief Executive Officer of Transnet Freight Rail Limited, is making the rounds on the internet. Let’s find out what’s going on.

What Happened To Siyabonga Gama Former Transnet CEO? Money Laundering and Fraud Charges

Siyabonga is the Group Chief Executive of Transnet SOC Ltd, the state-owned freight transport and logistics company in South Africa.

He is in charge of driving the Market Demand Strategy, the company’s near-R400 billion infrastructure investment program.

Gama was also the first CEO of the National Ports Authority following its separation from Portnet, among other roles at Transnet.

Siyabonga is a seasoned, well-respected executive who is widely regarded as South Africa’s leading expert in railway and port operations.

Gama holds a Bachelor of Commerce degree, in addition to various operational and management programs from the University of Singapore and the City University of New York.

 

What Happened To Siyabonga Gama Former Transnet CEO?

Former Transnet CEO Siyabonga Gama is one of five people arrested in connection with numerous allegations of violating the Public Finance Management Act, fraud, corruption, and money laundering.

Last year, Gama told the Commission of Inquiry into State Capture that his disciplinary charges at the freight rail agency in 2009 were a ploy to prevent him from succeeding Maria Ramos as GCEO.

Gama was responding to claims made by evidence leader advocate Anton Myburgh that his reinstatement as CEO in April 2011 was politically motivated and orchestrated by former President Jacob Zuma.

 

Siyabonga Gama: Money Laundering and Fraud Charges

Siyabonga Gama and other people who were arrested are also accused of violating the Public Finance Management Act.

Continuing their arrest at the Brackendowns Police Station, the five are expected to appear in the Palm Ridge Magistrate’s Court.

 

Siyabonga Gama among five suspects appearing in the Palm Ridge Magistrate’s Court
Siyabonga Gama among five suspects appearing in the Palm Ridge Magistrate’s Court

 

Sindisiwe Seboka, a spokesperson for the Investigating Directorate, said the five would appear in court this morning.

For numerous findings, commission chair Chief Justice Raymond Zondo recommended the prosecution of Gama and others in the second volume of the State Capture Inquiry report.

What Was Siyabonga Gama Arrested For?

Siyabonga Gama was accused of violating the Public Finance Management Act, as well as of fraud, corruption, and money laundering. The arrest happened around 7 a.m. today at the Brackendowns Police Station. 

Two of the five, according to News24, are former Transnet CEO Siyabonga Gama and Eric Wood, of Gupta-linked companies Regiments Capital and Trillian Capital Partners.

Soundhealthandlastingwealth.com offer the most up-to-date information from top experts, new research, and health agencies, but our content is not meant to be a substitute for professional guidance. When it comes to the medication you're taking or any other health questions you have, always consult your healthcare provider directly.
Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

You May Also Like

Karen Kahler and Sunny: Where Is James Kraig Kahler Now? Update On Karen & Sunny Reese Murder Today

Karen Kahler and Sunny: Where Is James Kraig Kahler Now? James Kraig…
  • shalw
  • January 8, 2022

Is Ezra Miller In Jail Or Out Of Prison? Arrest And Charges Update

Is Ezra Miller In Jail Or Out Of Prison? On October 17,…
  • shalw
  • November 28, 2022

Did Brother Miles Dabord Kill Brian Williams? Murder Case Update

Did Brother Miles Dabord Kill Brian Williams? There have been no further…
  • shalw
  • May 16, 2022

Are Jayson Tatum And Jimmy Butler Related? Explore Jayson’s Net Worth Family And Ethnicity

Are Jayson Tatum And Jimmy Butler Related? Jayson Tatum plays professional basketball.…
  • shalw
  • May 25, 2022
Recent Posts
  • Is Sleep Apnea Hereditary? 4 Genetic Risks Doctors Warn You About
  • How Tracking Macros Lowered Amy’s A1C and Reversed Menopause Weight Gain
  • R. Kelly Rushed to Hospital After Overdose; Lawyers Demand Temporary Release for Safety
  • Savannah Chrisley Denies Rumors That Mom Julie Faked Breast Cancer to Avoid Court
  • Why Orgasming Before Bed Might Be the Ultimate Sleep Hack
Recent Comments
    June 2025
    MTWTFSS
     1
    2345678
    9101112131415
    16171819202122
    23242526272829
    30 
    « May    
    Is Sleep Apnea Hereditary? 4 Genetic Risks Doctors Warn You About
    • Health

    Is Sleep Apnea Hereditary? 4 Genetic Risks Doctors Warn You About

    Is Sleep Apnea Hereditary? Sleep apnea is a common yet serious condition…
    • shalw
    • June 19, 2025
    How Tracking Macros Lowered Amy’s A1C and Reversed Menopause Weight Gain
    • Health

    How Tracking Macros Lowered Amy’s A1C and Reversed Menopause Weight Gain

    Lower Your A1C and Beat Menopause Weight Gain with Macro Tracking: Amy’s…
    • shalw
    • June 19, 2025
    R. Kelly Rushed to Hospital After Overdose; Lawyers Demand Temporary Release for Safety
    • Celebrity Health

    R. Kelly Rushed to Hospital After Overdose; Lawyers Demand Temporary Release for Safety

    R. Kelly Rushed to Hospital After Overdose: Kelly was hospitalized after allegedly…
    • shalw
    • June 18, 2025
    Savannah Chrisley Denies Rumors That Mom Julie Faked Breast Cancer to Avoid Court
    • Celebrity Health

    Savannah Chrisley Denies Rumors That Mom Julie Faked Breast Cancer to Avoid Court

    Savannah Chrisley Denies Rumors That Mom Julie Faked Breast Cancer to Avoid…
    • shalw
    • June 18, 2025
    Sound health and lasting wealth
    • Editorial Guidelines
    • DMCA Notice
    • Advertise Here
    • Sitemap
    • Contact
    pixel