Indiwize Construction News Today

This month, the Asset Forfeiture Unit obtained a restraint order for more than R580m in money and goods identified as the proceeds of crime. The investigators’ affidavit details how the money was laundered through subcontractor arrangements, cash cheques and car purchases.

Ogilvy PR South Africa is demonstrating how its putting work and people at the centre, winning three awards at the 2023 Africa Sabre Awards, and certificates of excellence in five categories...

At the height of state capture, the Swiss company itself was allegedly irregularly awarded a R2.2 billion control and instrumentation (C&I) contract at Eskom’s Kusile Power Station in 2015 after allegedly colluding with Eskom officials.

The High Court in Gauteng has granted the National Prosecuting Authority’s Asset Forfeiture Unit (NPA AFU) an order to restrain some R583.8 million in assets belonging to employees of former Eskom contractor Asea Brown Boveri (ABB) and six other interested parties.

TimesLIVE Premium has learnt the restraint order was already in the process of being served and enforced against six accused and 14 interested parties

In court papers it was submitted that the defendants received benefits totalling R583.8m

Swiss design company ABB became part of an appeal deal with the Department of Justice in the US

The Gauteng High Court granted the order in terms of section 26 of the Prevention of Organised Crimes Act and served it on Thursday.

The National Prosecuting Authority's Asset Forfeiture Unit has secured a R583.8 million restraint order against two former employees of Swiss engineering group ABB, their wives and two Eskom subcontractors.

The suspects are two men who worked for Swiss engineering firm ABB and allegedly ensured lucrative deals were handed to a company in which former Eskom chief executive Matshela Koko’s stepdaughter held a stake