BusinessLive reports that Eskom’s former capital executive Abram Masango and former contracts manager France Hlakudi have lost control of their main assets, including homes, pending the outcome of a criminal trial.

The Eskom seniors, three contractors and six companies were hit by a court order on Tuesday, which froze R1.4bn in assets. The order also applied to three private contractors, namely former Tubular Holdings executive advisor, Michael Lomas; former Tubular Construction Projects CEO, Antonio Trindade; and businessman Maphoko Kgomoeswana. The valuables, including those held in family trusts and by spouses, were frozen in terms of the Prevention of Organised Crime Act. Among the seized properties were houses belonging to Masango and Hlakudi in Pretoria, a house of Kgomoeswana’s in Polokwane, and a property undergoing renovations belonging to Trindade. All five of the accused persons face fraud and corruption charges, while Kgomoeswana faces an additional charge of money laundering. The matter has been postponed until June.

• Read the full original of the report in the above regard by Erin Bates at BusinessLive

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