The Department of Energy says minister Jeff Radebe removed the state energy fund boss on Friday after “serious allegations that were brought to the attention of the minister”.
16 March 2019 - 20:36Central Energy Fund chairman Luvo Makasi resigned before he was due to be dismissed for allegedly attempting to solicit a bribe from oil trading firms.Central Energy Fund board chairperson Luvo Makasi resigned on Friday - just an hour before he was dismissed for allegedly attempting to solicit a bribe from oil trading firms on behalf of senior politicians and officials, including deputy president David Mabuza.
But letters seen by TimesLive show that Makasi resigned an hour before his dismissal letter was served. Makasi is alleged to have attempted to solicit a bribe of $2.5 million from Glencore and Vitol. The bribe was allegeldy solicited on behalf of deputy president Mabuza, Radebe, ANC treasurer general Paul Mashatile and senior officials in the department during a meeting in November 2018.
Last year, the CEF applied to court to invalidate the 2015 sale of the country’s strategic crude oil to the Vitol Group and Glencore.Luvo MakasiMakasi has denied accusations that he attempted to seek a bribe for the state entity to drop its court action to invalidate the contract.
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