Damning details emerge about law firm report ‘buried’ by Eskom

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Damning details emerge about law firm report ‘buried’ by Eskom

TMG Digital | 2017-02-09 13:01:04.0

Eskom offices, MegaWatt Park in Johannesburg. File photo

Image by: John Liebenberg

Damning details about inflated coal deals‚ executives bent on self-enrichment and politically connected contractors are contained in the secret law firm report into the mess at Eskom.

Eskom this week decided it would not release a long-awaited report into the parlous state of the power utility after all. Instead, on Tuesday chairman Ben Ngubane said the board had received “legal advice” to the effect that the report must be released only to those who had requested access to it, in terms of the Promotion of Access to Information Act.

But some of the report’s findings were revealed on Thursday by the Financial Mail.

US law firm Dentons produced an explosive interim report in May 2015 to the board of the parastatal – implicating executives and top managers who allegedly diverted contracts for personal enrichment. They included coal and logistics deals.

In one case‚ R4.2-million worth of coal from a nearby mine ended up costing R13.4-million after additional costs were added to the amount owed.

One version of the report – the result of a probe that was never finished – which named guilty parties was recalled from all who saw it and then destroyed.

The report also raised questions about Eskom’s rationale for load-shedding – which plunged the country into a crisis.

TMG Digital/BusinessLIVE



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