Is Siyabonga Gama Arrested? Siyabonga Gama, the founder of Transnet, was arrested on felony allegations of fraud, money laundering, and corruption.
Siyabonga Gama is a well-known business magnate in South Africa. He is the CEO of Transnet Freight Rail and a director of a number of high-profile businesses, including Trade and Investment KwaZulu-Natal and Mafumbuka Investment Holdings (Pty) Limited.
Siyabonga’s name has also recently made headlines after he was charged with corruption, fraud, and money laundering. He was handcuffed by the Hawks and the Independent Directorate on Friday and appeared in court following the purported arrest.
We can scrutinize his ventures and experience details on his Linkedin page. He appeared in the Palm Ridge Magistrates Court on May 27, 2022, including his four official members.
Here is more to learn about the successful entrepreneur Siyabonga Gama.
Siyabonga Gama Is Arrested On Friday- What Are His Charges?
Johannesburg native Siyabonga is taken under custody on Friday after the investigation done by the Hawks, And The National Prosecuting Authority’s Investigating Directorate on Friday morning.
As per News24, he faced a charge of fraud, corruption, and money laundering. His other four officials are caught by the Hawks and National Prosecuting Authority too. They are ordered to appear in the Palm Ridge Magistrates Court on May 27, 2022.
I think the 'national' engineer is shaking in his boots this morning.https://t.co/YI6H5D963M
— Revolutionary (@Common_man18) May 27, 2022
EWN released the name of four members, including Gerry Peter, Transnet’s former acting group CFO, and Phetolo Ramosebudi, ex-group treasurer.
You can tune into the DSTV channel for further insights.
Learn Siyabonga Gama Short Wiki Biogrpahy Here
South African Siyabongs Gama (b May 1967) is the CEO of Transnet Freight Rail. Also, he is the non-director of Italtile limited.
As per the recently updated news, the State Capture Inquiry report, commission chair chief Justice Raymond Zondo suggested the prosecution of Gama, Wood, Brian Molefe, former Transnet CEO, Anoj Singh, a CFO, Kuben Moodley, Gupta fixer, and Phetolo Ramosebudi, a former Transnet treasurer for various findings.
After the arrest, they were held at the Brackendowns Police Station and charged with contravention of the (PFM) Public Finance Management Act.
Is Siyabonga Gama Married? Are His Wife’s Identity Given?
Siyabonga Gama is a married man. His wife is often spotted with her partner in events, as mentioned by Sowetans Live. Unfortunately, his partner’s name and career details are kept low-key.
Likewise, the whereabouts of Gama’s children are out of sight at the moment. We’re looking forward to this matter.
Talking about his academic details, Gama received a degree of Advanced certificate in port and operations management from the National University of Singapore.
Where is he now? Siyabonga is currently booked and under arrest as he faced felon charges of fraud, corruption, and money laundering.
Gama built up a colossal income from several set up ventures and worked as a director.
Last Updated on May 27, 2022 by 247 News Around The World
