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    Former Eskom exec arrested on fraud, corruption charges

    Former Eskom interim CEO Matshela Koko was arrested on Thursday, 27 October, along with seven others on charges of fraud, corruption and money laundering over the construction of the Kusile coal power station, authorities said.
    Source: Reuters/Mike Hutchings
    Source: Reuters/Mike Hutchings

    Koko and the other accused appeared in a magistrate's court and applied for bail, footage from the SABC showed.

    An NPA statement said the charges related to allegedly irregular contracts valued at more than R2bn in the building of Kusile, which has been riddled with faults and costs far more than was originally intended.

    Koko did not immediately respond to Reuters seeking comment.

    However, in a clip posted on Twitter by broadcaster eNCA, Koko said his accusers had "set themselves (up) for failure".

    Koko resigned from Eskom in 2018 after being accused of violating procurement rules but was acquitted in a disciplinary hearing.

    In his resignation letter, he did not admit wrongdoing.

    A spokesperson for the National Prosecuting Authority (NPA) said the accused were not expected to enter a plea at this stage.

    Cabinet appoints new Eskom board after record load shedding
    Cabinet appoints new Eskom board after record load shedding

      3 Oct 2022

    String of corruption cases

    South African prosecutors have been trying to make headway with a string of corruption cases dating back to former President Jacob Zuma's era. Zuma has denied all corruption allegations levelled against him.

    In May, police arrested several former executives of another big state company, Transnet, for alleged corruption.

    Swamped in billions of rands of debt, Eskom has been mired in financial crisis for years. This year it implemented a record amount of load shedding, fuelling public anger and choking economic growth.

    Source: Reuters

    Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.

    Go to: https://www.reuters.com/
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