EOH probe finds suspicious transactions worth R1.2bn

R1.2 billion in suspicious transactions and evidence of governance failings, these are the findings that has been unearthed in ENS Africa's interim update on the forensic investigation into EOH's historical licensing contracts with the state.

Without mentioning names, company's CEO, Stephen van Coller says eight perpetrators are largely responsible for the irregularities but also not directly implicating any of the four executives who resigned yesterday.

He joined Business Day TV on the line to discuss his confidence levels in terms of a complete turnaround for the company if this is what the findings are at the interim stage.
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