Published 1 year ago

Swiss firm ABB to pay South Africa R2.5bn for Kusile state capture deal

Summary by Ground News

The payment must be made into South Africa's Criminal Assets Recovery Account (CARA) within 60 days from Thursday. This is an addition to R1.6bn ABB paid to Eskom in 2020 after its implication in state capture-era corruption. ABB has acknowledged liability and taken responsibility for the alleged criminal conduct of its employees.

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Times Live

Swiss firm ABB to pay South Africa R2.5bn for Kusile state capture deal

Swiss multinational engineering firm ABB has agreed to pay R2.5bn in punitive reparations to South Africa after being fraudulently awarded a multibillion-rand contract at the Kusile power plant.

1 year ago·Johannesburg, South Africa

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Business Live

Swiss firm ABB to pay SA R2.5bn in reparations for Kusile contract

The NPA says the payment must be made into SA’s Criminal Assets Recovery Account within 60 days

1 year ago·Johannesburg, South Africa

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heraldlive.co.za

ABB to pay SA R2.5bn for Kusile state capture deal

Swiss multination engineering firm ABB has agreed to pay R2.5bn in punitive reparations to South Africa after being fraudulently awarded a multibillion-rand contract at the Kusile power plant.

1 year ago

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SAnews

ABB to pay South Africa R2.5 billion in State Capture reparations

The National Prosecuting Authority (NPA) says Swiss engineering company, Asea Brown Boveri (ABB), is expected to pay some R2.5 billion in “punitive reparations to South Africa” for its part in State Capture.

1 year ago

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Swiss firm ABB to pay South Africa R2.5bn for Kusile state capture deal

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Swiss firm ABB to pay South Africa R2.5bn for Kusile state capture deal

Swiss firm ABB to pay South Africa R2.5bn for Kusile state capture deal

Swiss firm ABB to pay SA R2.5bn in reparations for Kusile contract

Swiss firm ABB to pay SA R2.5bn in reparations for Kusile contract

ABB to pay SA R2.5bn for Kusile state capture deal

ABB to pay SA R2.5bn for Kusile state capture deal

ABB to pay South Africa R2.5 billion in State Capture reparations

ABB to pay South Africa R2.5 billion in State Capture reparations

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