According to Eskom, an investigation revealed that Sifiso Masina created invoices and submitted them for payment, despite no work being done. Read more here ➡️
has welcomed a court ruling that a former employee must repay all the money he fraudulently received from the embattled power utility while he was employed as an accountant at Kriel Power Station.
According to Eskom, an investigation revealed that Sifiso Masina created invoices and submitted them for payment, despite no work being done.“As a result, Eskom incurred a financial of loss of R513 630. The money was channelled through the suppliers and was withdrawn as cash from the accounts of Lutshala CC and Mandlenkosi CC, of which he had direct control,” said Eskom.
The parastatal added that Masina resigned with immediate effect on 27 November 2012, pending a disciplinary process after a forensic investigation into financial misconduct had been concluded.Eskom also revealed that Masina was found guilty of financial misconduct during a disciplinary hearing that was conducted in his absence on 7 December 2012.
He was then found guilty by the Kriel Regional Court on 26 April 2023 and was sentenced to eight years in prison. This sentence was suspended for five years, provided Masina repaid Eskom.
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