Eskom celebrates ’dent’ made in debt with ABB agreeing to pay back R1.5bn

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Justice and Correctional Services Minister Ronald Lamola congratulated the Special Investigating Unit for the biggest recovery it has ever made in a single investigation.

Cape Town – Eskom’s coffers will this month be bolstered after the power utility struck a deal to recoup over R1.56 billion irregularly paid to service provider ABB.

The Special Investigating Unit began a probe following the signing of proclamation R11 of 2018, authorising the agency to dig into allegations of corruption, maladministration and malpractice in the affairs of Eskom. “We accept that ABB has performed work for which we have received value, and therefore we have not claimed back the entire contract amount. We’ve sought to claim the amount that has been irregularly enriching ABB and was therefore unlawful.”

De Ruyter said the utility is delighted and views the move as a continuation of a series of recoveries.It has also instituted a claim for R3.8 billion against members of the Gupta family, Gupta associates, former Eskom executives and a former government minister, as well as a R95 million claim against PwC.

 

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Pravin is still talking about state capture but he doesn't have any proof. This is just pure corruption and even at state capture commission they are exposing corruption not state capture. We still have a long way to go to reach R100 billion that was supposedly stolen by Guptas

Good that they're paying back the money but the NPA should pursue with criminal charges against these mostly white owned companies.

I don't have time for clowns.

Wht happened to the Guptas crippling Eskom? Just asking

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