Dawid Malherbe awarded tenders irregularly and the damage was estimated to be about R65 million.

Apology: An earlier version of the story carried an incorrect photograph showing a man who is not linked to the story or is Dawid Johannes Malherbe. This article has since been updated. We sincerely apologise for the error.

JOHANNESBURG - Former managing director of Eskom, Dawid Johannes Malherbe, has been found guilty of fraud and money laundering in the Bellville Specialised Commercial Crimes Court following an investigation by the Hawks.

Malherbe was arrested, along with another person in 2013, after a tip-off about irregularities during the power utility's tender awarding process.

The loss was estimated to be about R65 million, after it was found that Malherbe's actions of awarding tenders resulted in irregular, wasteful and fruitless expenditure.

The Hawks' Robert Netshiunda said, "He will be sentenced from 11 August. The head of the Hawks has praised the team for a thorough investigation and securing a conviction."

The former managing director will be sentenced in August.