There is at least R 200 billion that needs to be explained - Ted Blom

The Parliamentary inquiry into governance and state capture at Eskom saw current and former executives give testimony this week.

This week Eskom's suspended Legal Executive Suzanne Daniels testified that Eskom's 1.6 billion rand theft to Trillian Capital Partners and McKinsey was brazen theft.

Daniels also named six Eskom executives implicated in corruption at Eskom, and how she had attended a meeting with the Guptas and Deputy Public Enterprises Minister Ben Martins.

On Thursday, the Deputy Public Enterprises Minister denied this meeting took place.

READ: Public Enterprises' Ben Martins denies secret meetings with Gupta family

Stephen Grootes spoke to Ted Blom, head of Energy at the Organisation Undoing Tax Abuse (Outa).

Blom is the self-proclaimed whistleblower of corruption at Eskom, ever since the Public Finance Management Act (PFMA) law came into existence.

It seems to me that every year the amounts have compounded in size, my estimate is that there is at least R 200 billion that needs to be explained.

Ted Blom, head of Energy at the Organisation Undoing Tax Abuse (Outa)

I think whats happened is as the corruption got worse, more people jumped onto the gravy train.

Ted Blom, head of Energy at the Organisation Undoing Tax Abuse (Outa)

What we have seen in the parliamentary hearings to date is corruption at head office level but believe you me it goes right down to project level. There is still a lot of stuff that needs to be uncovered.

Ted Blom, head of Energy at the Organisation Undoing Tax Abuse (Outa)

Click on the link below to listen to Blom's perspective on whether a new Eskom board is needed to address the problem of corruption....


This article first appeared on CapeTalk : There is at least R 200 billion that needs to be explained - Ted Blom


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