Former Transnet CFO Singh to ask court to relax his bail conditions

JOHANNESBURG - Former Transnet CFO Anoj Singh is due to appear before the Palm Ridge Magistrates Court on Thursday to ask for his bail conditions to be relaxed.
 
Singh is accused alongside ten others, including former Transnet CEO Brian Molefe, in connection with the entity's now infamous procurement of 1,064 locomotives in 2015.

They face charges of fraud, corruption, money laundering and contravening the Public Finance Management Act.

The case relates specifically to a tender to secure some R30 billion in funding for the procurement of the 1,064 locomotives, which went to a McKinsey-led consortium in 2012. 
 
According to the State, Gupta-linked Regiments Capital was irregularly onboarded, and the costs subsequently ballooned to more than R305 million.
 
It also relates to R93 million that was paid to Trillian Asset Management, another Gupta-linked entity, in 2015.
 
Singh is currently out on R50,000 bail, which was granted after his arrest in 2022, subject to various conditions, including that he hand over his passport.
 
According to reports, he now wants to take up a job in Dubai, though, and so wants to be allowed to travel.
 
The State is opposing his application.