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“Some of them are obvious because when you go and talk to the project manager who was on the contract, they didn’t remember that subcontract.”
A screenshot of EOH CEO Stephen van Coller testifying at the state capture commission on November 23, 2020. Image: SABC Digital News / Youtube
JOHANNESBURG – EOH CEO Stephen van Coller is painting a picture of a company plagued with cute wrongdoing, inflated license sales, collusion and inappropriate donations when he joined the publicly traded company in 2018.
He is testifying at the state capture commission that called forensic investigators when it found that the bills for large government contracts made no sense and he did not want the company to be blacklisted.
Van Coller said the company had nearly 300 legal entities, 10,000 employees and a debt of R3.2 billion, and had serious governance and collusion problems.
He said that some of the employees took advantage of the 30% empowerment policy to claim they had outsourced work.
“Some of them are obvious because when you go and talk to the project manager who was on the contract, they didn’t remember that subcontract. Two, we have no evidence of timesheets, three, is that they were not part of the original offer and four, is that we are paying them the wrong numbers.
OBSERVATION: State Capture Investigation, November 23, 2020
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