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Gigaba orders forensic investigation into Tegeta report

Gupta-owned Tegeta Exploration and Resources managed to score multi-billion rand coal supply contracts with Eskom despite issues with its coal.

FILE: Finance Minister Malusi Gigaba. Picture: Christa Eybers/EWN.

JOHANNESBURG - Finance Minister Malusi Gigaba has directed National Treasury to undertake a forensic investigation into the Tegeta report handed over to Parliament's Standing Committee on Public Accounts.

Gupta-owned Tegeta Exploration and Resources managed to score multi-billion rand coal supply contracts with Eskom despite issues with its coal.

A damning PricewaterhouseCoopers report, commissioned by Eskom and reviewed by the Treasury, shows that Tegeta started supplying coal to the power utility before the company had cleared regulatory requirements.

Those requirements included having a water-use license and adequate infrastructure to test the quality of its coal.

Treasury's Spokesperson Mayihlome Tshwete said: “The interim report has been completed and the recommendations of that report is that there should be a forensic investigation. So the minister has directed the director general to appoint a forensic investigator to get to the bottom and answer all those questions that need to be answered.”

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