Brian Molefe was reportedly facing arrest on December 23, 2019, for his role in corrupt dealings.
Former political activist and politician Brian Molefe is a businessman in South Africa.
It is unlikely that former Transnet executives Brian Molefe and Anoj Singh would evade arrest for wrongdoing.
The former CEO of Transnet, Siyabonga Gama, was among the previous executives detained by the Hawks on Friday.
Garry Pita, a former acting group chief financial officer for Transnet, Phetolo Ramosebudi, a shareholder in Regiments Capital, and Daniel Roy, a director of Trillian Asset Management, were the other four people detained.
Why Was South African Businessman Brian Molefe Arrested?
Former Transnet CFO Anoj Singh, former Eskom, Transnet CEO Brian Molefe, and former Transnet CEO Siyabonga Gama are among those allegedly involved in corruption, money laundering, and racketeering.
According to the Special Investigating Unit (SIU) and the National Prosecuting Authority (NPA), arrests might be made early to numerous top former executives involved in Eskom, Transnet, and engineering firms aiding the troubled state-owned entities.
In August, Molefe was unsuccessful in his appeal of a high court ruling that required him to personally repay R11 million of the R30 million pension he earned from Eskom.
This appeal was filed after the January 2018 ruling that Molefe had misused the Eskom pension fund for personal gain.
The contentious “1064 locomotives contract” announced in November that Transnet would receive R180 million back from the Gupta-linked company Regiments Capital “very quickly.”
Acting CEO of Transnet Mohammed Mahomedy acknowledged that the 2014 deal, which involved four significant international rail locomotive companies, had been plagued by errors and delays.
When the contract was granted, when Molefe, Gama, and Singh were in charge of the SOE, locomotives were purchased from China South and North Rail, General Electric, and Bombardier.
Molefe, Gama, and Singh, along with a number of other employees, were consequently named at the State Capture Commission.
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Brian Molefe Family: Meet His Wife
Arethur Moagi and Brian Molefe married in December 2016.
His first wife was Portia Derby before then, more specifically since 1993.
Itumeleng Molefe and Ipeleng Molefe, two children from a previous marriage, are a blessing to him.
South African-born Portia Derby is a well-known and prominent businesswoman, entrepreneur, and CEO. She has owned a firm in Johannesburg.
Additionally, Portia has served as the CEO of a number of companies, including Transnet SOC Ltd. and Ubu Investment Holdings Pty Ltd.
The pension benefit that Brian Molefe wasn’t entitled to be increased by his second wife.
His December 2016 marriage to Arethur Moagi increased his pension payment, but as he was employed under a fixed-term contract, he never should have been included in the retirement fund.
They learned Molefe’s pay had climbed to R5.6 million per year when they acquired accurate information about him and that his wife, whom he had recently married, was far younger than the five-year estimate.
Brian Molefe Net Worth Revealed
According to wikisouthafrica.com, Brain Molefe’s net worth in 2022 is estimated to be about $3 Million.
He undoubtedly received a generous salary while serving as CEO of Eskom and was able to build a sizable net worth.
On August 7, 2019, it was announced that Brian Molefe, the former CEO of Eskom, would have to pay over roughly R11 million in pension payments after the Constitutional Court denied his request for leave to appeal a ruling requiring him to pay back the money.
It took place as he was defending himself against a nearly R80 million lawsuit by Transnet, which is attempting to recoup funds lost as a result of questionable transactions and misbehavior linked to state capture.
In an effort to avoid paying back the pension payments that Eskom’s pension fund had wrongfully made to Molefe, he has already lost four court challenges.
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