BuzzSouthAfrica has gathered that Eskom paid a whopping R130 million to a Gupta-owned mining company, Tegeta Exploration, for coal that the Power Utility couldn’t even use.
This is according to a report in the Sunday Times, which cited an investigation carried out by the National Treasury.
Having learnt about the publication of reports on the investigation, Eskom bosses frustrated efforts to have the reports investigated. The Guptas vowed to drag the Treasury to court, should it publicize the report into the coal contracts.
However, the National Treasury has commenced investigations into an alleged controversial coal contract between the Eskom and the Gupta-linked company, Tegeta Exploration.
The investigation finally got underway on Tuesday after Public Enterprise minister Lynne Brown wrestled with Eskom bosses for months to obtain the 172-page report on coal contracts with Tegeta Exploration.
The Minister of Public Enterprises Lynne Brown had placed Eskom bosses in Parliament’s firing line; ordering them to send all documents related to the coal contract to National Treasury or face the consequences of not doing so.
She admitted that there is no proof yet that the coal from Tegeta is sub-standard or that Eskom paid Gupta-owned company in advance. She also promised to take actions against the Guptas or Eskom should investigation shows there were wrongdoing or fraudulent acts.
Eskom spokesperson Khulu Phasiwe also confirmed that the reports have been sent to Treasury’s offices.
“We have dispatched a driver to go and deliver the documents. It is a relatively thick document so we could not send it by email but it will be delivered before 5pm today.”
On Sunday, the South African business family announced plans to sell their shares in their South African interests before the end of the year but denied leaving the country.