Eskom, SIU moves to recover R3.8 billion looted from power utility

Eskom, SIU moves to recover R3.8 billion looted from power utility

- The Special Investigating Unit has partnered with Eskom to recover R3.8 billion by issuing summons

- The likes of the Gupta family and former executives like Brian Molefe were amongst those taken on

- The summons was lodged with the North Gauteng High Court on Monday by Eskom

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Eskom and the Special Investigating Unit have issued summons to recover R3.8 billion from the Gupta family, its associates and former executives.

The state-owned entity has been used as a cover for state capture and has moved to lodge the summons with the North Gauteng High Court.

Numerous high-profile individuals including former CEO Brian Molefe, former CFO Anoj Singh and Matsehla Koko have also been named.

Gupta brothers Rajesh Gupta, Atul Gupta and Ajay Gupta along with their associate Salim Essa have been summonsed along with former Minister Mosebenzi Zwane.

In a statement issued by Eskom, it was confirmed that the claim was to recover R3.8 billion in funds 'illegally diverted from Eskom' to help the Guptas and associates to obtain a company that supplied coal to the power utility.

Eskom is seeking to recover R3.8 billion looted by the Guptas and associates. Image: Eskom
Source: Getty Images

READ ALSO: Dikos threaten legal action over accusation of receiving R80m

The defendants had acted in a 'concerted effort' to corrupt and irregularly divert resources from Eskom:

"All of the former executives and board members breached their fiduciary duty of care and good faith to Eskom, and acted in a concerted State Capture effort with the Gupta Brothers, Mosebenzi Zwane and Salim Aziz Essa to illegally divert funds from Eskom," the statement read.

In other news, reported that Khusela Diko and her husband Madzikane Diko have threatened to sue Independent Media after it released a report on the couple's Covid-19 PPE tender scandal.

Royal Bhaca Projects, owned by Madzikane, was green-lighted by the Gauteng Department of Health for a R125 million tender to supply PPE.

The couple had been faced with immense public backlash over the situation and later claimed that it had cancelled the contract after realising their mistake.

However, IOL reported that they had received a minimum of R80 million using a front company called Ledla Structural Development. The invoices, according to the report, bear a resemblance in numerous ways to the contract that sparked the scandal in the first place.

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