10 years in jail for former clerk that defrauded Eskom of R2.6m | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 80%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Former Eskom administration clerk Nwabisa Ngxola was sentenced to 10 years in jail on Wednesday for defrauding the power utility of R2.6 million. | News24_Business

Former Eskom administration clerk Nwabisa Ngxola was sentenced to an effective 10 years in jail on Wednesday for defrauding the power utility of R2.6 million.

Ngxola and her co-accused, former Eskom clerk Cinderella Moropane, colluded with businessman Michael Chimanzi, the director of Chimanzi Investments, who submitted fraudulent invoices to Eskom for work that was never done, according to the Hawks. The Mbombela Specialized Commercial Crime Court sentenced Ngxola to 10 years for sixteen counts of fraud, seven years for 39 counts of money laundering, and seven years for 48 counts of money laundering. The sentences will run concurrently, meaning she will be jailed for 10 years.

The Hawks said the case against Moropane was postponed to 17 May because she was in hospital due to illness. Chimanzi was found guilty and sentenced when he appeared in the Nelspruit Specialised Commercial Crime Court on 1 March. He had already served four years in prison since his arrest in 2018. He was sentenced to eight years, suspended for five years, on the condition that he not be found guilty of similar offences during that period.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EE BUSINESS INTELLIGENCE: Former Eskom COO Jan Oberholzer to stay on at the utilityFormer Eskom chief operating officer Jan Oberholzer will remain at the utility in a new role to oversee projects aimed at pulling South Africa out of a power crisis which is set to worsen as winter arrives and demand for electricity increases.
Source: dailymaverick - 🏆 3. / 84 Read more »