South Africa News Update
- Three people have been found guilty of fraud and money laundering.
- They were found to have submitted false invoices to Eskom.
- The fraud cost Eskom around R2.6 million.
Three persons were found guilty by the Mbombela Magistrate's Court in Mpumalanga of defrauding Eskom of over R2.6 million.
On Wednesday, convictions were handed out for Michael Chimanzi, Nwabisa Ngxola, and Cinderella Moropane.
According to Hawks spokesman Captain Dineo Lucy Sekgotodi, they were accused of offences committed between 2013 and 2019 that involved fraud and money laundering.
Eskom submitted and paid for false bills for services that were never provided, according to her.
Bail for Moropane and Ngxola has been withdrawn, and they are now being held. According to Sekgotodi, they join Chimanzi, who has been detained since his arrest after being denied bail.
The case was continued until the sentencing date on January 23.
The most recent convictions occurred a few weeks after the international engineering company ASEA Brown Boveri (ABB) agreed to compensate South Africa with R2.5 billion in restitution for "severe crimes" perpetrated at Eskom during the state capture era.
The National Prosecuting Authority announced that its Investigating Directorate had reached a settlement with ABB that was due at the end of the next month. The Criminal Asset Recovery Account will receive the payment.
The R2.5 billion is over and above the R1.6 billion that ABB previously paid to Eskom in 2020
0 Comments