Former Eskom exec charged with creating R34m in fake invoices out on R20,000 bail

United Kingdom News News

Former Eskom exec charged with creating R34m in fake invoices out on R20,000 bail
United Kingdom Latest News,United Kingdom Headlines
  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 59%

A former Eskom financial executive and the head of a transport firm responsible for delivering coal to the power supplier have been released on R20,000 bail each after being arrested for fraud.

A former Eskom finance executive has been implicated in fraud worth R35m, with a transport company having falsely delivered invoices for services rendered.A former Eskom financial executive and the head of a transport firm responsible for delivering coal to the power utility have been released on R20,000 bail each.

Victor Tshabalala, 49, and Barnard Moraka, 45, appeared before the specialised commercial crimes court in Palm Ridge on November 5 for allegedly defrauding Eskom of approximately R34m. Moraka, who was arrested in October and made his third court appearance on Thursday, was tasked with processing and receiving invoices, and is accused of having cooked up 53 invoices to reflect work done by Megra Transport CC between 2016 and 2019. The state alleges no such services were rendered by the company for the embattled power producer.

"Hawks’ serious commercial crime unit in Johannesburg effectively apprehended Moraka in October and Tshabalala on November 5 this year, and charged them for fraud," said Hawks spokesperson Ndivhuwo Mulamu.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TimesLIVE /  🏆 28. in ZA

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mozambique, Zimbabwe and Zambia owe Eskom R632m - GordhanThree foreign state-owned power utilities owe Eskom R632 million in outstanding payments.
Read more »

African power utilities owe Eskom more than R600m in outstanding payments, says DA | IOL NewsAfrican power utilities owe Eskom more than R600m in outstanding payments, says DA | IOL NewsEskom is owed R632 million in outstanding payments by other African state-owned power utilities, the DA said, citing Public ...
Read more »

System still constrained and vulnerable but load shedding not expected, says EskomSystem still constrained and vulnerable but load shedding not expected, says EskomSystem still constrained and vulnerable but Loadshedding not expected, says Eskom
Read more »

Eskom bonds punished as investors clamour for faster turnaroundMany want to see more action on operational and organisational changes meant to return the company to sustainability
Read more »

There are positive signs suppliers will lower cost of coal to Eskom, says David MabuzaDeputy president says the government is seeking an amicable way to ease pressure on power utility
Read more »



Render Time: 2025-08-30 06:08:23