Former Eskom MD to be sentenced for fraud

2016-08-17 08:09
iStock

iStock

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Cape Town - Former Eskom managing director Dawid Malherbe is expected to be sentenced at the Belville Specialised Commercial Crimes Court on Wednesday after being found guilty of fraud and money laundering.

Malherbe was convicted in June this year and had gone on trial after a whistleblower flagged irregularities in the company's tender awarding processes, police said at the time.

Malherbe was the power utility's managing director between 2007 and 2009.

He had awarded tenders to his own company, Energy Utility Services (PTY) Ltd.

Lieutenant Colonel Robert Netshiunda said Malherbe resigned as soon as the allegations surfaced. Eskom's losses were calculated to be around R65m and the Asset Forfeiture Unit had recovered around R10m through the attachment of his assets.

A second accused, who was not named, was granted immunity from prosecution after agreeing to testify against Malherbe.

Read more on:    eskom

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

Inside News24

 
PARTNER CONTENT
INFOGRAPHIC: New thinking required for retirement

Everything we believe about retirement is fast becoming outdated.

/World

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.