Ex-Eskom director found guilty of fraud and money laundering

Eskom reportedly suffered losses to the tune of R65 million as a result of the conniving.


Dawid Malherbe, te former managing director of Eskom, was found guilty of fraud and money laundering last week.

Malherbe was arrested with another suspect in 2013 after a whistle blower alerted the Hawks to irregularities in the power utility’s tender awarding process, police said.

“The Financial and Asset Forfeiture Investigations and Anti-Corruption Task Team investigated the allegations and found that Malherbe, during his tenure as Eskom’s managing director between 2007 and 2009, unduly awarded tenders to Energy Utility Services (PTY) LTD, the company which he owned.

“The results of the internal investigations as well as the reports from the external auditors found that Malherbe’s actions of awarding tenders to his company amounted to irregular, wasteful and fruitless, expenditure. At the knowledge of the results, Malherbe immediately resigned,” police spokesperson Lieutenant Colonel Robert Netshiunda said.

Eskom suffered losses of around R65 million as a result and so far about R10 million has been recouped through the attachment of the accused’s assets.

The second accused was given immunity after agreeing to testify against Malherbe. Sentencing is scheduled for 11 August.