Eskom fraud suspects get bail

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The Nelspruit Magistrate’s Court in Mpumalanga has granted bail of R 5000 each to four suspects who allegedly defrauded Eskom of over R 2 million in 2013.

The suspects include two former Eskom employees and two service providers allegedly colluded in submitting false invoices for work they did not do.

Eskom paid them a sum of R2.9 million, which was later deposited in different bank accounts.

The case has been postponed to 29 March 2018 for further investigations.

Meanwhile the Public Servants Association of South Africa (PSA) has lashed out and threatened to take legal action against the Public Investment Corporation (PIC) which agreed to loaning R5 billion to power utility Eskom.

The PSA released a statement saying, they are shocked at the decision made by the PIC board.

“All parties agreed in principle that no state-owned enterprise would be bailed out until we are all satisfied that governance has improved at these institutions. We oppose this bailout irrespective of how it is termed,” read the statement.