Court grants order to freeze assets of R1.4bn against former Eskom executives

Court grants order to freeze assets of R1.4bn against former Eskom executives

The High Court in Johannesburg has awarded the National Prosecuting Authority’s Investigating Directorate (ID) a restraint order valued at R1.4 billion against former Eskom executives and former Tubular Construction Projects contractors. 

ID seizes home
ID communications

The order was served and enforced on all the accused in Mpumalanga, Gauteng, Limpopo on Tuesday.

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 them were served with the order. 

Their spouses’ assets and their family trusts were included in the restraint order. 

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. 

Hlakudi, Trindade, Masango, Maphoko, and Lomas face charges of fraud, and corruption. 

Kgomoeswana faces an additional charge of money laundering.

They are set to return to court on June 1. 

Lomas, a resident of the United Kingdom, was arrested last month in the UK. 

The process of his extradition back to South Africa started last month. 

His case will return to the London Westminster Magistrate’s Court on May 20 for case management.

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