Eskom CFO Anoj Singh cleared in Tegeta deal despite link to Guptas
Eskom's Zethembe Khoza says they looked into Singh's involvement in the Tegeta deal and decided there’s no reason to suspend him.
JOHANNESBURG - Despite his link to the controversial Gupta family, Eskom says nothing warrants the suspension of its Chief Financial Officer (CFO) Anoj Singh.
On Wednesday, acting chair Zethembe Khoza confirmed that while Singh signed off on a prepayment to Tegeta to secure coal, this was done at a business level.
Singh is facing corruption charges for allegedly helping the Gupta-linked company purchase the Optimum Mine.
Khoza says they looked into Singh's involvement in the Tegeta deal and decided there’s no reason to suspend him.
“It was not him who initiated the prepayment, it was business and the submission was done at a business level. So, we saw no need for him to be affected at that particular level.”
Khoza says Singh also helped Eskom when it came to terminating the contract with McKinsey.
It was revealed that Gupta-linked consultancy company Trillian which was sub contracted by McKinsey was paid almost R500 million despite Eskom denying this on previous occasions.
(Edited by Winnie Theletsane)