Eskom can’t do nothing in the face of injustice – Mantshantsha

  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

“We are under no illusion that we will recover the full R4 billion and, of course over the past five years, people have done a great deal of spiriting that money away and hiding it in places where we

may never be able to find it. But we will certainly get more than it would cost us to prosecute this matter,” said Eskom’s spokesperson Sikonathi Mantshantsha.“We will indeed end up owning things that belong to some of them at this point. They may not be the full R4 billion, but Eskom does not have the option of doing nothing in the face of this kind of injustice,” he said.

The power utility and the Special Investigating Unit on Monday approached the North Gauteng High Court to recoup R3.8 billion lost to corruption and state capture from former Eskom board members, executives, members of the Gupta family, and their associates. Among the defendants were former Eskom group chief executive officer Brian Molefe, former chief financial Anoj Singh, the power utility’s former head of generation Matshela Koko as well as the Gupta brothers, Rajesh, Atul, and Ajay.Download the EWN app to your iOS or Android device.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 30. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DPE: Gordhan not involved in appointment of Eskom pension fund chair
Source: ewnupdates - 🏆 30. / 53 Read more »

Eskom, SIU gun for money allegedly funnelled to GuptasEskom and the Special Investigating Unit have initiated steps to recoup funds from former executives allegedly lost to state capture corruption.
Source: TimesLIVE - 🏆 28. / 59 Read more »

BREAKING NEWS: Eskom moves to recover stolen funds by Molefe, Koko and the GuptasAs a result of their action in the acquisition of Optimum Coal, Eskom suffered at least R3.8bn in losses
Source: BDliveSA - 🏆 12. / 63 Read more »

Eskom, SIU take steps to recoup R3,8bnEskom confirmed through a statement that it and the Special Investigating Unit have issued a summons at the North Gauteng High Court to recoup the money.
Source: eNCA - 🏆 49. / 51 Read more »

BREAKING NEWS: Eskom moves to recover stolen funds by Molefe, Koko and the GuptasAs a result of their action in the acquisition of Optimum Coal, Eskom suffered at least R3.8bn in losses
Source: BDliveSA - 🏆 12. / 63 Read more »

Eskom goes to court to recover billions from former executives, Guptas.Eskom_SA and the Special Investigating Unit (SIU) have instituted legal proceedings to recoup monies from the power utility's former executives, the Guptas and associates lost to state capture corruption.
Source: IOL - 🏆 46. / 51 Read more »