Gordhan: More than R2.1bn recovered ‘from state capture’
Public Enterprise Minister Pravin Gordhan says the state so far has recovered more than R2.1 billion lost through contracts awarded irregularly to entities doing business with state-owned enterprises.
The figures were contained in a written reply to Inkatha Freedom Party (IFP) MP Elphas Buthelezi.
Buthelezi asked a question on the recovery of money lost during state capture.
In his response, Gordhan said while rot within the companies is deep it can be overcome, adding that the McKinsey repaid R902 million in a civil claim instituted by Eskom.
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"Eskom successfully pursued the recovery of R600 million that was illegally paid to Trillian.
"A full bench of the Gauteng High Court ordered that the funds be returned to Eskom to be used for the benefit of the country's citizenry.
"SIU (Special Investigating Unit) is currently in court on behalf of Eskom to set aside the Tegeta Brakfontein coal supply agreement to the value of R2.7bn."
He says the China South Rail (CSR) also repaid R618 million to Transnet related to an irregular prepayment for maintenance.
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Gordhan: More than R2.1bn recovered ‘from state capture’ by Sine Madolo on Scribd