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The Eskom power company and the Special Investigation Unit (SIU) will provide an update on progress in the fight against corruption this afternoon.
Earlier this year, Eskom and the SIU issued a subpoena to recover R3.8 billion from former executives, board members and members of the Gupta family.
The power company has been used as a vehicle for state capture, with certain officials using their positions to funnel contract funds to the Gupta family and their business partners; this has been extensively documented in media reports and evidence of this has been presented in testimony before the Judicial Commission of Inquiry into the Capture of the State, as well as the parliamentary inquiry into Eskom. The SIU has been investigating numerous contracts at Eskom.
In this particular case, Eskom had filed a claim for damages against former executives, including Brian Molefe, Anoj Singh, Matshela Koko, and Suzanne Daniels, as well as chairman Ben Ngubane and board members Chwayita Mabude, Mark Pamensky and former Minister of Mineral Resources and Energy Mosebenzi Zwane, Eskom has said former officials and board members neglected their fiduciary duty by allowing funds to be diverted so that the Gupta family and their business partners could acquire Optimum Coal Holdings. (OCH). OCH owned Optimum Coal Mine, a supplier to the Hendrina power plant.
The Minister of Public Enterprises, Pravin Gordhan, and the Minister of Justice and Correctional Services, Ronald Lamola, will also attend the briefing, which will begin at 14:30.
