R54.0 billion
Total financial exposure
Arrested in 2022. Faces fraud, corruption, and money laundering charges relating to the Transnet locomotive procurement. The NPA case is ongoing. A key intermediary between the Gupta network and the Transnet board.
Transnet board member (from 2012) who simultaneously held interests in companies awarded Transnet contracts — a flagrant conflict of interest. The Zondo Commission found Sharma was a key intermediary between the Gupta network and the Transnet board, channelling funds from Regiments Capital to Gupta-linked entities and playing a coordinating role in the kickback mechanisms. Arrested in 2022; criminal case ongoing.
Pain points connected to Iqbal Sharma's documented incidents
Board Member
Transnet SOC Ltd
2012-01 – 2018-02(appointed)
Had interests in companies including Regiments-linked entities while simultaneously serving on the Transnet board — a flagrant conflict of interest.
Had interests in companies including Regiments-linked entities while simultaneously serving on the Transnet board — a flagrant conflict of interest.
Key intermediary between the Gupta network and the Transnet board. Channelled funds from Regiments Capital to Gupta-linked entities.
Had interests in companies including Regiments-linked entities while simultaneously serving on the Transnet board — a flagrant conflict of interest.
Key intermediary between the Gupta network and the Transnet board. Channelled funds from Regiments Capital to Gupta-linked entities.
Key intermediary between the Gupta network and the Transnet board. Channelled funds from Regiments Capital to Gupta-linked entities.
Key intermediary between the Gupta network and the Transnet board. Channelled funds from Regiments Capital to Gupta-linked entities.
Key intermediary between the Gupta network and the Transnet board. Channelled funds from Regiments Capital to Gupta-linked entities.
Key intermediary between the Gupta network and the Transnet board. Channelled funds from Regiments Capital to Gupta-linked entities.
Key intermediary between the Gupta network and the Transnet board. Channelled funds from Regiments Capital to Gupta-linked entities.
Had interests in companies including Regiments-linked entities while simultaneously serving on the Transnet board — a flagrant conflict of interest.
Had interests in companies including Regiments-linked entities while simultaneously serving on the Transnet board — a flagrant conflict of interest.
Had interests in companies including Regiments-linked entities while simultaneously serving on the Transnet board — a flagrant conflict of interest.
Had interests in companies including Regiments-linked entities while simultaneously serving on the Transnet board — a flagrant conflict of interest.
Key intermediary between the Gupta network and the Transnet board. Channelled funds from Regiments Capital to Gupta-linked entities.
Had interests in companies including Regiments-linked entities while simultaneously serving on the Transnet board — a flagrant conflict of interest.