Eskom wants R3.8 billion in damages from the Guptas

Hanno Labuschagne

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Eskom wants R3.8 billion in damages from the Guptas

Eskom and the Special Investigating Unit (SIU) have issued a summons in the North Gauteng High Court to recover funds that were corruptly diverted to the Gupta family and their associates.

Among the 12 defendants were former Eskom board members, Gupta family members, their associates, and others.

Eskom argued that the actions of these parties during the acquisition of Optimum Coal Holdings (OCH) Limited resulted in the power utility suffering R3.8 billion in losses, which it said it was legally obliged and morally burdened to recover, together with the interest thereon.
 

Jola

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IMHO all ANC MP's, past and present, and their estates, should be jointly and severally responsible for that.

And with more to come, ie PRASA, etc, etc.

But we all know that we will never get that, and they will just steal more, so best we all get out of here ...

Where is Panama again ?
 

chewiesw

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The cheque is the the mail (SAPO), I am sure it won't get lost
 

John Tempus

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R3.8bil to put an end to probably R50bil in theft and losses.

I guess this is Eskom saving face moment where they pretend to clean house while still not recouping everything and still hand in pocket with the Guptas.

Seriously though. Only R3.8billion ??? You would think that if there was a crime committed you would target full recovery + interest and not a weakling minimum recovery with a "please daddy" next to it.

Will Eskoms price adjustments also reflect based on the money they do recover ? NAAAAH.. They will focus on recoving money on the one end while increasing the pricing for the innocent consumer on the other end.
 

Arzy

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That's nice.

Guess the government needed to show it was doing something at least.

Not expecting anything to come of this though, will still be court 15 years from now.
 

Sarg3_ZN

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This is almost like a circular reference in programming, although you can find and fix the circular reference, however in this case if any money is recovered it will just end up back at the "defendants" after a new set of tenders and backhand deals has been finalized.
 
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