Former Eskom finance exec granted R20 000 bail in multimillion-rand fraud case

(Gianluigi Guercia, AFP)
(Gianluigi Guercia, AFP)

A former finance executive at Eskom, Bernard Moraka, and his alleged accomplice Victor Tshabalala this week appeared before the Specialised Commercial Crimes Court in Palm Ridge, Johannesburg, for allegedly defrauding the power utility of R34 million.

The two were granted R20 000 bail each, and the case was postponed to November 21 for disclosure, according to a statement by the Hawks. 

"It is alleged that between January 2016 and October 2018, Tshabalala - the owner of Megra Transport Close Corporation - colluded with former Eskom Finance Executive, Moraka, by loading fraudulent invoices for Palesa Mine which Megra Transport CC was not contracted to deliver coal," the priority crime investigative unit said in a statement.

According to the Hawks, fraudulent invoices amounting to R34m were allegedly created and submitted for payment by the cash-strapped Eskom.  Company records show that Tshabalala is the sole director of Megra Transport, which is registered in Randburg. Palesa coal mine is situated near Bronkhorstspruit. 

Eskom, in a statement on Friday, said the case against Moraka was "one of the priority cases tracked by Eskom".  The utility said he was employed as an assistant officer in logistics, and resigned in October 2018.  

ZAR/USD
17.20
(-0.08)
ZAR/GBP
22.49
(-0.04)
ZAR/EUR
20.24
(-0.11)
ZAR/AUD
12.26
(-0.24)
ZAR/JPY
0.16
(+0.03)
Gold
1971.91
(-0.10)
Silver
24.28
(+0.29)
Platinum
917.51
(-0.01)
Brent Crude
43.86
(+1.45)
Palladium
2104.50
(+0.57)
All Share
56201.34
(+0.67)
Top 40
51914.82
(+0.67)
Financial 15
9900.98
(+0.98)
Industrial 25
75132.71
(+0.53)
Resource 10
56995.38
(+0.72)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 831 votes
It depends on how the funds are used.
74% - 5494 votes
No. We should have gotten the loan elsewhere.
15% - 1098 votes
Vote