Company colluded with government officials to bypass the tender process and inflate prices - Van Coller

The CEO of EOH Holdings, Stephen van Coller, says tender irregularities involving government contracts and poor financial controls were rife when he joined the company in 2018. He told the State Capture Commission of Inquiry that some workers in the company colluded with government officials to bypass the tender process and inflate prices. Van Coller says irregular tendering and lack of proper financial controls led to the company incuring debt of about 3-point-7 billion rand.