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Eskom: Investigation exonerates COO

No evidence of ‘corruption, dishonesty, abuse of power’.
Eskom COO Jan Oberholzer off the hook. Image: Moneyweb

An independent investigation has cleared Eskom chief operating officer Jan Oberholzer, of corruption, dishonesty, abuse of power.

The investigation, conducted by an unnamed senior counsel, found there was no evidence of wrongdoing after allegations surfaced that Oberholzer was a shareholder in construction group Stefanutti Stocks, which was part of a consortium that allegedly defrauded Eskom of close to R140 billion.

The Eskom board asked the senior counsel to see if there was any merit to the accusations. The investigation began on March 20, and the report was submitted to the board on April 4.

Eskom said the senior counsel conducted his investigation by interviewing witnesses, which included the complainant and other Eskom officials, and reviewing the information and documentary evidence they provided.

Despite an extensive investigation into the allegations of dishonesty, corruption, conflict of interest and abuse of power levelled against the COO, Eskom says the senior counsel could “find no wrongdoing in the process followed by Mr Oberholzer in this regard”.

With regard to the allegations of a conflict of interest regarding Stefanutti Stocks, the senior counsel found that proper disclosure had been made of Oberholzer’s shareholding in the company, and that “this is not a matter in which he should face a disciplinary hearing”.

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Is it not interesting that Matshela Koko faced a disciplinary hearing after a company in which his STEPDAUGHTER had interests was awarded a contract at Eskom, while Oberholzer, with DIRECT interests at StefStocks does not even have to face a hearing?

There is of course, also nothing untoward that Oberholzer removes the GM of Megaprojects (and re-assigns him to HR!) after same individual reports his underhanded actions!

Nothing to see here…move along…

End of comments.

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