Business, South Africa

Former Eskom Acting CEO Matshela Koko was “Captured!”

Eskom Acting CEO Matshela Koko
Eskom Acting CEO Matshela Koko

According to the latest #GuptaLeaks The former Eskom Group Chief Executive Officer (CEO) Matshela Koko was captured by the Gupta family.

The #GuptaLeaks have exposed the extent to which Matshela Koko – once tipped to become Eskom chief executive – appears to have been captured by the Guptas.

Matshela Koko stood down as acting chief executive and went “on leave” pending the outcome of an investigation into allegations that he channelled lucrative contracts to a company partly owned by his 26-year-old stepdaughter.

Boom! #GuptaLeaks provide further evidence of a cosy relationship with the Saxonwold family

Leaked e-mails now show that:

  • In December 2015 the Guptas’ Tegeta Exploration and Resources lobbied Koko for a massive R1.68-billion prepayment, which would have allowed it to fund much of the Optimum Coal acquisition. While this appears not to have happened, it is known that Koko headed up a late-night meeting in April 2016 that approved a smaller, R659-million prepayment.
  • Koko may have leaked a highly-sensitive Eskom legal opinion to the Guptas, and,
  • Koko stayed in a luxury Dubai hotel at the Guptas’ expense.


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Credit: amaBhungane



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