R34.9 million fraud, Eskom’s former financial controller sentenced

South African Police Service

R34.9 million fraud, Eskom’s former financial controller sentenced
R34.9 million fraud, Eskom’s former financial controller sentenced

The Palm Ridge Specialised Commercialised Crimes Court handed down a hefty sentence to Eskom’s former Financial Controller, Mosai Barnard Moraka (46) and co-accused Victor Tshabalala (51) on 53 counts of fraud which costed Eskom over R34.9 million.

It was reported that between 2016 and 2018 when Moraka was employed by Eskom as a Financial Controller, he fraudulently created fictitious payment invoices for coal transportation to Palesa Mine.

Moraka made payment transactions into Merga Transport, which according to Eskom and Palesa Mine, did not have contract to transport coal to Palesa Mine.

The matter was reported to Hawks’ Serious Commercial Crime Investigation in Johannesburg for further probing.

A warrant of arrest was issued for the accused’s apprehension. The investigation team arrested both Moraka and Tshabalala in October and November 2019, respectively. They were both granted a R20 000-00 bail each.

The Hawks’ Priority Crime Specialised Investigation together with Asset Forfeiture unit seized both Moraka and Tshabalala’s fixed and movable properties worth approximately R12 million combined, forfeited to the state for Eskom to recover stolen money.

In August last year, both the accused pleaded guilty to fraud and money laundering charges against them.

On Tuesday, 29 March the court successfully sentenced Moraka and Tshabalala to 20 years direct imprisonment with no option of fine.

SAPS Newsroom

SOURCESouth African Police Service