BREAKING | Former Transnet CEO Siyabonga Gama arrested

TheChamp

TheChamp

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Five former Transnet officials have been arrested by the Hawks and the National Prosecuting Authority's Investigating Directorate on Friday morning on charges of fraud, corruption and money laundering.

News24 has established that two of the five include former Transnet CEO Siyabonga Gama and Eric Wood from the Gupta-linked companies Regiments Capital and Trillian Capital Partners.

www.news24.com

Former Transnet CEO Siyabonga Gama arrested | Business

News24 has established that two of the five arrested on Friday include former Transnet CEO Siyabonga Gama and Eric Wood from the Gupta-linked companies Regiments Capital and Trillian Capital Partners.
www.news24.com www.news24.com
 
TheChamp said:
Five former Transnet officials have been arrested by the Hawks and the National Prosecuting Authority's Investigating Directorate on Friday morning on charges of fraud, corruption and money laundering.

News24 has established that two of the five include former Transnet CEO Siyabonga Gama and Eric Wood from the Gupta-linked companies Regiments Capital and Trillian Capital Partners.

www.news24.com

Former Transnet CEO Siyabonga Gama arrested | Business

News24 has established that two of the five arrested on Friday include former Transnet CEO Siyabonga Gama and Eric Wood from the Gupta-linked companies Regiments Capital and Trillian Capital Partners.
www.news24.com www.news24.com
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Dangit you beat me to it. Wanted to post this in the state capture thread.

Anyway, it's good that they finally arrested the first of the implicated in Zondo. May there be many more swift arrests and successful prosecutions.
 
They will be out on bail this afternoon.
5 years from now we will revisit this thread and nothing would have happened.
Court cases will have been postponed multiple times, witnesses will be dead or missing
Paperwork would have gone up in flames somewhere.
Nothing to be excited about here.
 
ToxicBunny said:
Nah I expect it to just go into Stalingrad with appeal and appeal and appeal and recission and and and.
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Best case scenario (which will happen I believe) is being found guilty but having the Bathabile Dlamini option, i.e., found guilty, but be given an option to pay a R150K fine. Then that will be the end of that.
 
6spdmanual said:
Best case scenario (which will happen I believe) is being found guilty but having the Bathabile Dlamini option, i.e., found guilty, but be given an option to pay a R150K fine. Then that will be the end of that.
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The charges they are facing are very different though, do you know anyone who was found guilty of corruption and given the option of a fine? I know plenty who were found guilty of perjury and got a similar sanction to that of Bathabile.
 
R50 bet they going to pull a JZ?

But at least someone got arrested ... noice
 
TheChamp said:
The charges they are facing are very different though, do you know anyone who was found guilty of corruption and given the option of a fine? I know plenty who were found guilty of perjury and got a similar sanction to that of Bathabile.
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Hope you’re right. I obviously would love to see dudes in jail, but I’ve also learnt never to have hope. Hope this one sticks.
 
yebocan said:
To do Stalingrad, you need cash...as we are seeing...most of the fukcers, did not plan for a rainy day...legal aid best be ready...
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They all seem to have a benefactor somewhere who is prepared to either do pro-bono legal work, or is being funded from somewhere...

Jacob is horseshyte with money but he seems to have millions at his beck and call to pay for all these appeals, as does "No-petrol-money" Myeni.
 
yebocan said:
To do Stalingrad, you need cash...as we are seeing...most of the fukcers, did not plan for a rainy day...legal aid best be ready...
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But for 'legal aid', surely there has to be some criteria? This guy is involved in R30 million fraud case and asking for legal aid - surely it can be demonstrated that he has the means for legal aid? Or do these guys move to squatter camps and plead poverty?
 
surface said:
But for 'legal aid', surely there has to be some criteria? This guy is involved in R30 million fraud case and asking for legal aid - surely it can be demonstrated that he has the means for legal aid? Or do these guys move to squatter camps and plead poverty?
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no idea, I just know...crooks, our variety... do not plan for dark days/day of reckoning
 
6spdmanual said:
Hope you’re right. I obviously would love to see dudes in jail, but I’ve also learnt never to have hope. Hope this one sticks.
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I always try to stay away from the naysaying and stick to factual precedence of what has happened to people like Gama.

As @ToxicBunny said, it's going to be a very slow and painful process, with the tried and tested Stalingrad techniques, but ultimately when he is convicted he is not going to get away with a fine, he will be going to jail.

Unfortunately for people like Gama who are just business people getting into corrupt activities, they sometimes forget they are not politicians so they are dispensible, the country will not descend into chaos when he is thrown in jail, the corrupt politicians will always find another willing participant like him, rinse and repeat until forever.
 
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