SIU welcomes the arrest of former Transnet Group Capital CEO on fraud and money laundering charges

News Anti-Bribery & Corruption Sanctions & Fines

Date: 23rd Oct, 2024 Source: Special Investigating Unit Country: South Africa Original Source

Brief

"On October 22, 2024, the Special Investigating Unit welcomed the arrest and court appearance of former Transnet Group Capital CEO Herbert Msagala. He faced charges of fraud, corruption, theft, and money laundering, with investigations revealing kickbacks worth over R26 million."

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Special Investigating Unit

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SIU welcomes the arrest of former Transnet Group Capital CEO on fraud and money laundering charges

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SIU welcomes the arrest of former Transnet Group Capital CEO on fraud and money laundering charges

Brief

Special Investigating Unit

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