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Two Gupta family associates and a former senior government official have been arrested for allegedly laundering R107.5m meant to rehabilitate the Optimum coal mine in Mpumalanga.
Substantial moneys were misappropriated from the state power utility for the notorious family.
Former Glencore CEO Clinton Ephron said the company's Optimum Coal Mine was in dire straits when it entered business rescue while supplying coal to Eskom power stations.
10 June 2021 - 11:40 Glencore fell out with Eskom when it sought to have the coal price increased threefold in 2015. Stock photo. Image: 123RF/adam88x Former CEO at Optimum Coal Holdings, the holding company of Optimum Coal Mine — an erstwhile coal supplier at Eskom — Clinton Ephron, on Thursday dismissed allegations that Glencore used President Cyril Ramaphosa to strong-arm Eskom over an increase of the coal price. Ephron is appearing at the state capture inquiry to respond to allegations against Glencore made by former Eskom executives Matshela Koko and Brian Molef...
The state capture inquiry resumes today with evidence from former Glencore CEO Clinto Ephron.