Kusile mess: Eskom subcontractors, ex-ABB employees slapped with R580m restraint order | Business

The National Prosecuting Authority's Asset Forfeiture Unit has secured a R583.8 million restraint order against two former South African employees of Swiss engineering group ABB, as well as their wives, and two Eskom subcontractors. Ex-ABB employees Mohammed Mooidheen and Vernon Pillay, their wives Raeesa Mooidheen and Aradhna Pillay, and Eskom subcontractors Impulse International and Indiwize Construction are facing charges of corruption, money laundering, fraud and forgery.

The NPA has accused ABB SA, the local subsidiary of the Zurich-headquartered multinational, of conspiring with Impulse to fix inflated contract prices for work at the troubled Kusile power station in 2016 and 2017. According to the prosecution authority, Mooidheen and Pillay also entered into a"scheme" with former acting Eskom chief executive officer Matshela Koko, whereby his stepdaughter Koketso Choma was appointed a shareholder of Impulse. The NPA said Mooidheen and Pillay abused their"senior positions" at ABB SA to favour Impulse as a subcontractor.

"Pillay and Mooidheen both played a role in the extraordinary approval decisions and the manipulation of procurement and governance processes to the advantage of Impulse, Impulse’s appointment, and the payment of excessive rates," it said.

_Business

_Business Ex-ABB employees Mohammed Mooidheen and Vernon Pillay, their wives Raeesa Mooidheen and Aradhna Pillay, and Eskom subcontractors Impulse International and Indiwize Construction are facing charges of corruption, money laundering, fraud and forgery.

_Business koko_matshela is the article having Facts or is Fats?

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Eskom must fix power stations using income from tariffs - Treasury | BusinessNational Treasury on Tuesday briefed MPs on the Eskom Debt Relief Bill, reiterating that Eskom may not borrow for the next three years and that the company will not receive any other financial support from government to fix its ailing power stations. Now is the time to cut their costs, review staffing, goal contracts, dump BBEEE and control non operation costs. The R222bn for the 'emergency power' is ideal to be re-directed to actually improving our electricity infrastructure & improving overall power station EAF. Still baffling to spend that amount for 1.2GW for infrastructure we don't own... They are driving ESKOM to privatisation like SAA
Source: News24 - 🏆 4. / 80 Read more »

PERSONAL FINANCE: How to protect your investment portfolio from Eskom’s power crisisWith parts of the Western Cape already experiencing temperatures as low as 9°C, the new Electricity Minister, Kgosientsho Ramokgopa, has warned the country to brace for possible Stage 10 blackouts this winter as energy use ramps up. A whole new ministry designed to state the obvious! Haven't heard a solution yet, and definitely no plans to build new generation or transmission capacity on the cards either What was the purpose of an entire Energy Minister if he already is warning us about the anticipated Stage 10 in the coming winter months? Eskom on its own was already capable of delivering that disappointment. Mxm. His ministry is just redundant. Wasted money indeed! The Western Cape? Are you a national news publication or not?
Source: dailymaverick - 🏆 3. / 84 Read more »