SACP calls for arrests and recovery of Eskom funds
The South African Communist Party (SACP) on Tuesday said while it welcomed the Special Investigating Unit’s (SIU’s) move to recover funds from former Eskom executives, former board members, members of the Gupta family and their associates, it called for the arrests of all those implicated in illegally diverting the funds.
The State-owned power utility and the SIU have issued summons to recover about R3.8-billion.
Named in the summons are former Eskom CEO Brian Molefe, former CFO Anoj Singh, former Group Executive for Generation Matshela Koko, who also served as acting chief executive, as well as Eskom's former head of legal Suzanne Daniels, former board chairperson Ben Ngubane, and former board members Chwayita Mabude and Mark Pamensky.
Former Mineral Resources Minister Mosebenzi Zwane will also be summonsed, along with Gupta family associate Salim Aziz Essa and the Gupta brothers Rajesh, Atul and Ajay.
Eskom and the SIU said the claim for damages will attempt to recover money that was corruptly diverted from the utility to help the Gupta family and its associates acquire Optimum Coal Holdings Limited, which owned Optimum Coal Mining, which supplied the Hendrina power station with coal.
The SACP called for the successful prosecution of those found guilty.
“The recovery is a step in the right direction. However, the SACP calls upon relevant law enforcement agencies to arrest those implicated in looting at Eskom, including the directors, executives and staff of foreign-controlled multinational corporations who were involved in the theft and received the proceeds of the loot. Assets and funds owned by such individuals that are associated with the looting, must be retrieved by the Asset Forfeiture Unit,” the party said.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation