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Wanted man's R500m ANC deal

Nov 14, 2010 12:00 AM
By Subashni Naidoo & Suthetira Govender
TimesLive

Nelson Mandela's fugitive son-in-law has landed a R500-million coalmining deal with the ANC's investment front, Chancellor House - which already benefits from Eskom's massive R385-billion expansion programme.

Isaac Kwame Amuah, who is wanted on rape and assault charges in Hartford, Connecticut, has evaded US law enforcement authorities for 17 years.

This week the Sunday Times can reveal that one of his companies, ORS Holdings, is central in a consortium that bought a coal mine in Swaziland from mining giant Xstrata Alloys, in a R500-million deal.

Chancellor House is also a member of the consortium, which plans to supply coal to several power plants - placing the ANC as a major player in Eskom's R485-billion expansion programme to meet rising demand for electricity.

In a previous, controversial deal, Chancellor House invested in Hitachi Power Africa, which won a R38.5-billion contract to supply boilers for Eskom's two new coal-fired power stations.

Opposition parties this week said Amuah's political connections and business dealings with the ANC had managed to keep him from being arrested and extradited to the US.

US authorities have issued an extradition request through the country' s embassy in Pretoria. The SA Police Service is aware of the warrant.

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