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Eskom wants its stolen money back – from Koko, Molefe, Singh, etc and the Guptas

3 August 2020 6:27 PM
Tags:
Eskom
Gupta family
Guptas
State Capture
Corruption
Brian Molefe
Ben Ngubane
Special Investigating Unit
North Gauteng High Court
The Money Show
Bruce Whitfield
Atul Gupta
SIU
Ajay Gupta
ENS Africa
Steven Powell
Anoj Singh
Matshela Koko
SOEs
Salim Essa
state-owned enterprises
Rajesh Gupta
forensics
susan daniels
Hendrina
Optimum Coal Holdings
OCH
Optimum Coal Mining

The process to recover the looted billions has begun. Bruce Whitfield talks to Steven Powell, Director in Forensics at ENS Africa.

Eskom wants its stolen money back.

A candle - our "go-to" stock image for Eskom.

The ailing state-owned enterprise (SOE) and the Special Investigating Unit (SIU) has approached the High Court in an attempt to recover R3.8 billion it says it lost to corruption.

The utility alleges that the money was unlawfully transferred from it to help the Gupta family and its associates buy Optimum Coal Holdings (OCH) – the owner of Optimum Coal Mining and supplier of coal to the Hendrina power station.

Eskom specifically named former employees Brian Molefe, Anoj Singh, Matshela Koko, Susan Daniels and non-executive directors Ben Ngubane and Salim Essa as those it seeks damages from – as well as Rajesh Gupta, Atul Gupta and Ajay Gupta.

The Money Show’s Bruce Whitfield interviewed Steven Powell, Director in Forensics at ENS Africa, the largest law firm on the Continent.

In addition to criminal charges… Eskom is serving summonses on the individuals… they’re being held personally liable… for losses under their watch or, worse than that, complicity…

Steven Powell, Director in Forensics - ENS Africa

The Hawks will continue the investigation… towards criminal prosecution.

Steven Powell, Director in Forensics - ENS Africa

A lot of that money has been spent… [but] they will make a significant recovery…

Steven Powell, Director in Forensics - ENS Africa

It’s a brilliant action. While the wheels of criminal justice move slowly… this will hit their pockets directly, and it will happen in the immediate future, as opposed to criminal action…

Steven Powell, Director in Forensics - ENS Africa

Listen to the interview in the audio below.


This article first appeared on CapeTalk : Eskom wants its stolen money back – from Koko, Molefe, Singh, etc and the Guptas


3 August 2020 6:27 PM
Tags:
Eskom
Gupta family
Guptas
State Capture
Corruption
Brian Molefe
Ben Ngubane
Special Investigating Unit
North Gauteng High Court
The Money Show
Bruce Whitfield
Atul Gupta
SIU
Ajay Gupta
ENS Africa
Steven Powell
Anoj Singh
Matshela Koko
SOEs
Salim Essa
state-owned enterprises
Rajesh Gupta
forensics
susan daniels
Hendrina
Optimum Coal Holdings
OCH
Optimum Coal Mining

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