This is the largest amount recovered by the Special Investigating Unit and follows a lengthy investigation involving the SIU, the Hawks and Eskom.
The SA subsidiary of Swiss automation firm ABB will pay R1.56-billion to Eskom to settle an overpayment dispute relating to a contract unlawfully and corruptly awarded for work at the Kusile Power Station.
An investigation involving the Special Investigating Unit (SIU), the Hawks and Eskom crossed several jurisdictions, and the US Securities and Exchange Commission, the FBI and the US Department of Justice were involved and kept informed of the process, said Advocate Andy Mothibi, head of the SIU, at a press briefing held on Friday.
ABB: SA subsidiary of Swiss automation firm to pay back dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.
Molefe Seeletsa ABB was among four other contractors named by Eskom to have benefited from overpayments. The other companies were Tenova Mining & Minerals, Tubular Construction and Stefanutti Stocks. The Special Investigating Unit (SIU) and Eskom briefing the media. Picture: Twitter/@RSASIU
Briefing the media on Friday regarding corruption investigations on Eskom, Mothibi was joined by Eskom chief executive, André de Ruyter, Minister of Public Enterprises Pravin Gordhan and Justice Minister Ronald Lamola.
The National Prosecuting Authority (NPA) is also investigating the alleged corruption at the state-owned enterprise.
Mothibi said the contract was awarded to ABB through corrupt activities and now the company had agreed to reimburse the power utility.
Molefe Seeletsa According to a joint statement, the briefing will be to make an important announcement regarding an important development in the fight against corruption . Minister of Public Enterprise, Pravin Gordhan and Minister of Justice and Correctional Services Ronald Lamola. Picture: GCIS
According to a joint statement, the briefing will be “to make an important announcement regarding an important development in the fight against corruption”.
This week, Auditor-General (AG) Tsakani Maluleke said she had detected indicators of a high risk of fraud and abuse of state Covid-19 funds.
The AG has been monitoring the funds through a real-time audit of 16 key Covid-19 initiatives introduced by government.
Eskom celebrates dent made in debt with ABB agreeing to pay back R1 5bn iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.