The list of defendants on Eskom and the Special Investigating Unit’s summons issued in the North Gauteng High Court on Monday reads like a rogue’s list of characters allegedly involved in the capture and looting of the energy giant.
Eskom and the SIU are pursuing the 12 defendants to recover R3.8-billion “illegally diverted” from Eskom to support their purchase of Optimum Coal Holdings in 2016, a brazen bid by the Gupta family to purchase Glencore’s coal operations. “The Gupta brothers owned the majority shares in entities that in turn owned the majority shares in Tegeta Resources & Exploration,” it continued.
Eskom spokesperson Sikonathi Mantshantsha said that after the sheriff of the court delivers the summons to defendants, they will have around 10 days to indicate whether they oppose the case and if so will then have to file their opposing court papers. He suggested the defendants might seek to delay the case as long as possible.
“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.” The Organisation Undoing Tax Abuse , which in 2017 laid criminal charges against nine of the 12 defendants Eskom and the SIU cited, welcomed the move.
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