Business Maverick: Eskom Calls For More Arrests After Ex-ABB Employees Apprehended

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Eskom Holdings SOC Ltd., South Africa’s state-owned power utility, called for more arrests after police apprehended two former employees of Swiss industrial firm ABB Ltd. and their wives for corruption linked to more than half a billion rand ($29.4 ...

The two former ABB workers are accused of defrauding Eskom by receiving 8.6 million rand in kickbacks, including cash and luxury cars, by awarding a 549.6 million rand sub-contract, the National Prosecuting Authority said in a statement. Their spouses allegedly also profited from this, Eskom said in a separate statement on Wednesday.

ABB is one of a number of international companies found to have been tied up in years of corruption at Eskom and other South African state-owned companies during the presidency of Jacob Zuma, which ended in 2018. The company agreed in 2020 to repay 1.56 billion rand of funds it had been irregularly paid in connection with the construction of Eskom’s coal-fired Kusile Power Station.

 

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Now explain how that goes by unnoticed ,but hey, our top government officials do it so why notice others. I'm so over this crap. Let private power companies start and let us have more stable grids. I bet that some provinces will do a much better job separaty.

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