Ex-Eskom contractor to return to London court for extradition proceedings Lomas was arrested and appeared in the London court last month where he was granted bail of R1.7 million. Picture: SAPS.
3 hours ago
CAPE TOWN - Former Eskom contractor and fugitive Michael Lomas will return to the Westminster Magistrates Court on Thursday for extradition proceedings on Thursday.
Lomas was arrested and appeared in the London court last month where he was granted bail of R1.7 million.
He also had to submit additional surety of about R4.3 million among other stringent bail conditions.
His arrest stems from a fraud and corruption case relating to Eskom s R745 million payment to Tubular Construction Projects.
Eskom contractor sought for Kusile corruption case arrested in the UK, released on R1 7m bail news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
SA prosecutors seek extradition of former British Eskom contractor
By S’thembile Cele
(Bloomberg) – South African prosecutors said they are seeking the extradition of a British national who’s been implicated in a fraudulent deal with the state power company.
Michael Lomas appeared in the Westminster Magistrates Court on Thursday, was granted bail of £100,000 ($138,880) and submitted additional surety of £250,000, the National Prosecuting Authority’s investigating directorate said in an emailed statement. He’s due to return to court on May 20.
Lomas’s arrest and court appearance emanated from months of talks with the UK authorities about a fraud and corruption case relating to Eskom Holdings SOC Ltd.’s payment of R745 million ($52 million) to Tubular Construction Projects, which worked on its new Kusile power plant, according to the directorate. An escalation clause in the contract exposed the utility to a R1.4 billion liability, it said.
Fugitive Michael Lomas s extradition to SA has started in UK ewn.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ewn.co.za Daily Mail and Mail on Sunday newspapers.