Explainer: Update on arrested Eskom executives in corruption scandal

Explainer: Update on arrested Eskom executives in corruption scandal

- Eskom has been in the spotlight recently for its failure to keep the lights on

- Now, executives have been arrested in connection with fraud and corruption allegations

- Briefly.co.za explores everything that is currently known about the situation

PAY ATTENTION: Click “See First” under the “Following” tab to see Briefly.co.za News on your News Feed!

South Africa has welcomed the arrest of two senior Eskom executives for fraud and corruption at the entity.

Briefly.co.za reported that the pair were nabbed by the Hawks in an operation to uncover R745 million worth of dodgy deals.

Eskom contracts manager France Hlakudi and executive for capital projects Abram Masango both oversaw key contracts for both the Kusile and Medupi power plants.

A total of seven companies have been implicated in the probe and are expected to appear in the Johannesburg Regional Court on Thursday.

READ ALSO: Eskom top dogs arrested in connection with R745 million fraud

The SAPS has updated its initially brief statement on the matter, revealing a 'gross manipulation of contractual agreements' involving both mega power plants.

The accused allegedly received a R30 million kickback each for the deals, with the statement explaining:

“A contract for Kusile was approved in 2015 for R745 million, to build two Air Cooled Condenser (ACC) units at this plant. It is alleged that from February 2015 to July 2017, the appointed companies, other related entities and individuals shared approximately R30 million amongst themselves.”

The South African reports that both executives could fail to be granted bail, with both the police and the Hawks believing they have a firm case against them.

However, no trial is expected to take place until next year, so it may be an unpleasant festive season for the allegedly corrupt duo.

Enjoyed reading our story? Download BRIEFLY's news app on Google Play now and stay up-to-date with major South African news!

Source: Briefly.co.za

Mailfire view pixel