By: Natasha Archary
The hits keep coming for former Eskom CEO, Brian Molefe’s R8.5 million mansion has been auctioned for a fraction of the price.
The luxury property located in Polokwane, was purchased by Molefe in 2012, but after failing to honour his monthly repayments, the property was put on auction.
Standard Bank reportedly let the 5-bedroom property go for a mere R3.5 million.
The new owner will have to take over all outstanding bills on the property as well, which amounts to more than R600 000.
Molefe accumulated a staggering arrears for rates and taxes of R483 633, owing an additional R142 630 in levies.
The disgraced former Eskom executive was accused of running the power utility into the ground by turning a blind eye to tenders pushed forward by the notorious Gupta brothers.
In 2016, when he left Eskom, Molefe collected a jaw-dropping R30 million pension package, but this was short-lived after the state-owned entity recovered the full amount.
Last month, Eskom confirmed that is successfully recovered the R30 million which was unlawfully paid Brian Molefe.
“In July 2022, the north Gauteng high court reaffirmed a 2018 high court judgment that had reviewed and set aside a 2016 early retirement agreement between Mr Molefe and Eskom.
In terms of the agreement, Eskom paid to the EPPF approximately R30-million to boost Mr Molefe’s early retirement pension payout.
Eskom said in a statement
In August, Brian Molefe and three other co-accused in the R93 million Transnet fraud case were released on bail of R50 000 each.
Molefe and others are said to have benefitted from the R93 million which was paid to the Gupta linked company, Trillion.
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