Bellville Specialized Commercial Crimes Court has reportedly found former managing director of Eskom, Dawid Malherbe guilty of fraud and money laundering following an investigation by the Hawks.
The fraudulent ex managing director and an accomplice in the crime were arrested in 2013, after the hawks got a tip-off about irregularities during the power utility’s tender awarding process.
It was later discovered that Malherbe’s actions of awarding tenders resulted in irregular, wasteful and fruitless expenditures that led to a loss that was estimated to be about R65 million.
Speaking for the Hawks, Robert Netshiunda said, “he will be sentenced from 11 August. The head of the Hawks has praised the team for a thorough investigation and securing a conviction.”
The fate of the former Eskom managing director, Dawid Malherbe who has been found guilty of fraud and money laundering will be decided in August when his sentence will be issued by the court.
Looking at more news on corruption, reports have it that an unknown company in the Eastern Cape was awarded the contract of supplying Mayibuye buses even though it failed to meet up to the contract’s basic requirements and was also said to have just been registered few months before the contract was awarded.
Meanwhile, in the bid to fight corruption, Johannesburg‘s electricity provider, City Power has developed new plans to strengthen the intense fight against its main headaches – corruption and poor performance.
In its anti corruption initiative released few months ago, the electricity provider said it aims at increasing all needed utilities that would help in fighting against the scourge of corruption and misconduct by some of its officials‚ service providers‚ and customers.
City Power lamented on the negative effect of corruption and fraud on its overall business and performance.
A version of this story was earlier published with an incorrect photograph of a man who is not linked to the story. This article has now been updated and we sincerely apologize for this error.