Former Eskom interim CEO Sean Maritz under fire for signing off R400 mil payment
Former Eskom interim CEO Sean Maritz is under fire for his role in signing off a R400 million payment to a Hong Kong bank account. MD of EE Publishers Chris Yelland provides insight into the deal that took place and what it entailed.
Yelland says that the deal is murky and adds that he hasn’t received a direct response from Eskom, who claims that it is investigating the deal.
He adds that the story, first reported by Business Day, noted this little-known company was wanting to charge Eskom a 'facility' fee for assisting the company to raise several billion rands finances to fund Eskom subsidised from a Chinese funder.
Apparently after the finance deal was concluded, out of the blue popped a new company that claimed a facility fee for helping to arrange this.Chris Yelland, MD of EE Publishers
Yelland says the legal team at Eskom claims it is completely unaware of the company, or what arrangements were made.
He has a copy of the contract that was signed off by Former Eskom interim CEO Sean Maritz.
Documents have come to light which show that the facility fee contract was entered into by Anoj Singh and signed off by the acting CEO Sean Maritz some time later.Chris Yelland, MD of EE Publishers
It’s signed by the acting CEO but the payment has been blocked because it is considered and deemed to be irregular and against the advice of Eskom’s internal and external legal advisers.Chris Yelland, MD of EE Publishers
Click on the link below to hear more about the report...
Eusebius McKaiser facilitates a discussion on the state of readiness for employers for employees during this lockdown level.Read More
Transport minister gives the different regulations for the industry as the country moves to lockdown Level 3.Read More
Gauteng MEC Panyaza Lesufi and Naptosa's Basil Manuel weigh in on pupils now returning to schools on 8 June.Read More
The minister was set to give an update on Sunday evening after meeting unions and organisations who wanted re-opening delayed.Read More
On World No Tobacco Day, Minister Zweli Mkhize is set to host a virtual meeting amid court action over continued tobacco sale ban.Read More
The minister's lawyer Tebogo Malatji reflects on the courts ruling on the so called Sars rogue unit report.Read More
The sale of tobacco will continue to be prohibited under lockdown Level 3.Read More
She says even though it has been a painful journey to get to where she is, she always served SA to the best of her ability.Read More
Eyewitness News reporter Kgomotso Modise gives details of EFF virtual press conference.Read More
Cardiologist Dr. Konstantinos Farsalinos says clinical observations show very few smokers are hospitilised for the virus.Read More