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Multinational engineering firm ASEA Brown Boveri (ABB) has agreed to pay over R2.5 billion in punitive reparations to SA for "serious crimes" committed at Eskom during the state capture era.
Eskom contractor Asea Brown Boveri paid R549 million to its subcontractor, Impulse International. About R200m was used to pay other companies to do the work, while Impulse paid a network of former ABB employees and others to facilitate the scheme.
Power utility Eskom says the four arrests in relation to a corrupt ABB Group contract for work at the Kusile power station is hopefully just the beginning, with more arrests expected to follow soon.
Kusile was meant to be finished in 2014 with a budget of R81bn, but so far only four of the six planned units have achieved commercial operation, with R152bn already spent. Kusile was meant to be finished in 2014 with a budget of R81bn, but so far only four of the six planned units have achieve...