Thursday, August 11, 2016

Former Eskom MD in court over fraud charges

Leonie Pretorius
11 August 2016

The sentencing of a former Eskom managing director for fraud and money laundering is due to take place in the Bellville specialised commercial crimes court near Cape Town today.

Dawid Malherbe and one other person were arrested in 2013after a tip off about suspected tender irregularities.

Eskom says their internal investigations as well as the reports from external auditors found that Malherbe’s actions amounted to wasteful and fruitless expenditure.

He awarded tenders to his own company and losses to Eskom were estimated to be about R65 million.

The Asset Forfeiture Unit has thus managed to recoup about R10 million.

The second accused was granted immunity from prosecution after fully agreeing to testify against Malherbe.

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