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Former Eskom execs, contractors see R1 4bn in assets seized

Former Eskom execs, contractors see R1.4bn in assets seized The National Prosecuting Authority’s Investigating Directorate has been awarded a restraint order by the North Gauteng High Court, against various former Eskom contractors and executives. The order, valued at R1.4bn, has been served against numerous figures involved in alleged corrupt activities, including Michael Lomas, Antonio Trindade and Abram Masango. Lomas appeared in a Westminster court in London, in relation to criminal charges he is facing in South Africa. The former Eskom contractor was arrested in connection with a R745m fraud relating to the Kusile power plant. MyBroadband reports that assets belonging to their spouses and family trusts are also included in the restraining order. Michael Lomas, who is a UK resident, will return to the London Westminster court later this month, to hear whether he will indeed be extradited to South Africa – Jarryd Neves

Order freezes R1 4bn assets of former Eskom bigwigs

Order freezes R1 4bn assets of former Eskom bigwigs
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PICS: EX-ESKOM BOSSES R1 4BN ASSETS SEIZED!

Ex-Eskom bosses homes have been hit after a court order, assets worth R1.4 billion taken. THE High Court in Joburg has awarded the NPA’s Investigating Directorate (ID) a restraint order, valued at R1,4 billion, against former Eskom executives and Tubular Construction Projects contractors. ID spokeswoman Sindisiwe Seboka said the freezing order, granted in terms of the Prevention of Organised Crimes Act, was served and enforced on all the accused in Mpumalanga, Gauteng and Limpopo earlier today. She said former Eskom senior manager for capital contracts France Hlakudi, the company’s former group executive for group capital Abram Masango, former Tubular Construction Projects CEO Antonio Trindade, businessman Maphoko Kgomoeswana, former Tubular Holdings executive adviser Michael Lomas and six companies owned by these individuals were served with the order.

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