Dawid Malherbe gets two decades behind bars for defrauding Eskom
The former Eskom director and his firm were convicted earlier in 2016 of fraud and money laundering
Former Eskom director Dawid Malherbe will soon exchange his designer suits for orange prison garb. The Bellville commercial crimes court handed him a 20-year prison sentence on Friday for defrauding the parastatal of more than R10m. Malherbe and his company were convicted earlier this year of fraud and money laundering. After living it up in the lap of luxury‚ Malherbe is now struggling to keep even a house and car after being hit with a confiscation order by the Asset Forfeiture Unit. The fraudster was the manager of PN Energy Services (PNES)‚ an Eskom subsidiary that built and maintained electrical infrastructure in the Cape Town township of Khayelitsha. PNES was incorporated into the parastatal in 2008. Malherbe resigned from Eskom in 2009 and subsequently procured two contracts for his company‚ Energy Utility Services‚ which received payments of up to R65m between 2009 and 2010. He made a quick profit of R10.2m. Malherbe failed to disclose his conflict of interest when he bid fo...
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