South African authorities are investigating fraudulent transactions that cost state power utility Eskom Holdings SOC Ltd 2 billion rand ($132 million).
The transactions included multiple companies charging Eskom for work that was never finished during the past three years, according to City press. The investigation began after a whistleblower reported that at least three unnamed Eskom officials conspired with various service providers to produce fraudulent invoices.
Sikonathi Mantshantsha, Eskom spokesman affirmed that the investigation is at its advance stage.
He said by phone on Sunday that “Eskom will take the appropriate measures once we have received the final report, which will be in a few weeks time”.
Educator, writer and legal researcher at Alafarika for Studies and Consultancy.