Former Eskom CEO to Meet With Lawmakers About Corruption Allegations
- Oops!Something went wrong.Please try again later.
(Bloomberg) -- Andre de Ruyter, the former chief executive officer of state-owned power utility Eskom Holdings SOC Ltd. who said the organization was riddled with corruption, has agreed to appear before the South African parliament’s Standing Committee on Public Accounts and also present a written submission.
Most Read from Bloomberg
Trump Faces Fingerprints, Mug Shot After Dramatic Indictment
Singapore’s Changi Sees Immigration System Restored After Delays
$335,000 Pay for ‘AI Whisperer’ Jobs Appears in Red-Hot Market
A $3 Trillion Threat to Global Financial Markets Looms in Japan
He will be asked about corruption, theft, maladministration, sabotage, lack of consequence management, cartels and other financial irregularities at Eskom, the committee said in an emailed statement. A date for the meeting hasn’t been set yet.
De Ruyter said in a television interview in February that Eskom was losing about 1 billion rand ($55 million) a month due to corruption and theft, with the help of people linked to the ruling African National Congress. A day later, Eskom announced that De Ruyter would leave the company with immediate effect.
Most Read from Bloomberg Businessweek
John Wick’s Blowout Opening Lifts Lions Gate, But It Won’t Fix Starz
College Students Are About to Put a Robot on the Moon Before NASA
SVB’s Collapse Shows the World’s Favorite Safe Asset Isn’t Risk-Free
©2023 Bloomberg L.P.