Former Eskom Managing Director Dawid Malherbe, who was found guilty of fraud and money laundering, will be sentenced in the Bellville Specialised Commercial Crimes Court on Friday.
He was found guilty of fraud and money laundering in June.
An Eskom internal investigation as well as the reports from external auditors found that Malherbe’s actions amounted to “wasteful and fruitless expenditure”.
Malherbe was arrested in 2013, after Eskom alerted the Directorate for Priority Crime Investigation (Hawks) of an irregularity in which he awarded a tender to his own company, Energy Utility Services. Malherbe committed the offence while he was the power utility’s managing director between 2007 and 2009.
The loss which Eskom suffered was quantified at about R65 million. So far the Asset Forfeiture Unit has managed to recoup about R10 million through the attachment of the accused’s assets.