NPA granted permission to freeze R1.4 billion from former executives

This is how we got to the R1,4 billion…the initial contract was about R710 million and we believe that there was a lot of collusion

Eskom Executives

The National Prosecuting Authority’s (NPA) Investigating Directorate has been authorised to freeze over R1 billion worth of assets from former Eskom executives and contractors.  The ruling was made by the Gauteng Division of the High Court.

Involved executives are France Hlakudi and Abram Masango whose cases of corruption, money laundering and fraud in the Kusile saga are currently being processed by the Palm Ridge Court of Specialised crimes.

In a media statement, Investigating Directorate Spokesperson Sindisiwe Seboka said the case against the accused was convincing enough for the courts to authorise the restraining order until their criminal case is finalised.

“The court of law believes that we have reasonable grounds to restrain or preserve the assets pending the finalisation of a criminal case because they have seen that there are merits to what we are arguing”, Seboka explained.

Seboka explained that the contract in question was approximately R700 million, however the NPA established serious collusion which has led to an aggregate of R1.4 billion.

“This is how we got to the R1,4 billion…the initial contract was about R710 million and we believe that there was a lot of collusion, this is the material benefit that the Eskom executives as well as the contractors benefitted in this particular matter”, said Seboka.