South Africa: Former Eskom's Finance Executive and Accomplice Nabbed for R34 Million Fraud

press release

Gauteng — Victor Tshabalala (49) and Barnard Moraka (45) appeared before the Specialised Commercial Crimes Court in Palm Ridge on 05 November 2019 for allegedly defrauding Eskom approximately R34 million respectively.

It is alleged that between January 2016 and October 2018, Tshabalala the owner of Megra Transport Close Corporation colluded with former Eskom's Finance Executive, Moraka by loading fraudulent invoices for Palesa Mine which Megra Transport CC was not contracted to deliver coal.

Fraudulent invoices were allegedly created and submitted for payment at Eskom amounting to R34 million.

Hawks' Serious Commercial Crime unit in Johannesburg effectively apprehended Moraka in October and Tshabalala on Tuesday, 05 November 2019 respectively and charged them for fraud. The duo subsequently appeared before the Specialised Commercial Crimes Court and were granted R20 000 bail each. The case was postponed to 21 November 2019 for disclosure

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