South Africa's Eskom seeks $221 million damages over coal deal

JOHANNESBURG, Aug 3 (Reuters) – Power utility Eskom and
South Africa’s Special Investigating Unit (SIU) said on Monday
they had issued a court summons in an effort to recoup 3.8
billion rand ($221 million) they allege was diverted by former
Eskom executives and the Gupta family, who ran high profile
businesses in the country.

The move by Eskom and the SIU relates to the 2015
acquisition of Optimum Coal by the Gupta-controlled company
Tegeta Exploration and Resources. At issue is a claim by Eskom
that the deal involved a payment to the Guptas which was
authorised by previous…

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