Former Eskom executives’ property frozen

Assets of former Eskom executives and businessmen from Tubular Holdings worth R1.4-billion has been frozen.

May 24, 2021

Roedolf Walker 1 minute read

Antonio Trinidade's seized property. Photograph: NPA ID.

The High Court Gauteng North Local Division in Johannesburg awarded the NPA’s Investigative Directorate (ID) a restraint order valued at R1.4-billion against former Eskom executives and former Tubular Construction Projects contractors.

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The freezing order was served and enforced on all the accused in Mpumalanga, Gauteng and Limpopo respectively on May 4.

“Former Eskom senior manager for Capital Contracts France Hlakudi, the company’s former group executive for Group Capital Abram Masango, former Tubular Construction Projects CEO Antonio Trindade, businessman Maphoko Kgomoeswana, former Tubular Holdings executive advisor Michael Lomas and six companies owned by these individuals were served with the order,” said Sindisiwe Seboka, spokesperson for the ID. “In addition, their spouses’ assets and family trusts were included in the restraint order. The freezing order prohibits them from dealing in any manner with any of their realisable property. The curator, Trevor Hill, who was appointed by the court in terms of the order, did an inventory of all the affected assets which have been restrained pending the outcome of the criminal trial.”

The five are facing charges of fraud and corruption, with Kgomoeswana facing an additional charge of money laundering. The accused are scheduled to appear again on June 1 in Palm Ridge Magistrate’s Court.