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Ex-Eskom contractor to return to London court for extradition proceedings

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.

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SA prosecutors seek extradition of former British Eskom contractor

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.

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