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Anoj Singh should be charged criminally for corruption - FM Deputy Editor

20 June 2018 8:20 AM
Tags:
Eskom
Former Eskom CFO Anoj Singh
Deputy Editor at Financial Mail Sikonathi Mantshantsha says SAICA is pretending to be working by announcing charges against Anoj Singh

The South African Institute of Chartered Accountants (SAICA) has taken action against former Eskom CFO Anoj Singh.

They have charged Singh with misconduct, in which he faces a fine of up to R250 000 per charge, as well as having his SAICA membership suspended.

Deputy Editor at Financial Mail, Sikonathi Mantshantsha says SAICA has been very lenient on Singh, and says he should be getting criminally charged for corruption dating back to when he was still with Transnet.

Read: Saica says Anoj Singh has brought accountancy into disrepute

When he was Chief Financial Officer at Transnet about R18 billion was stolen from the people of South Africa and laundered through China and given to the Guptas. Anoj Singh was central to that together with Brian Molefe and no one was charged criminally

Sikonathi Mantshantsha, Deputy Editor at Financial Mail

This SAICA investigation is one of those things they are pretending to be doing something when they've been doing absolutely nothing. They are charging him for being dishonorable, and not with theft.

Sikonathi Mantshantsha, Deputy Editor at Financial Mail

SAICA claims in a statement that Singh had failed to disclose to Eskom's board the true reason for Gupta-owned Tegeta's request for almost R600 million from the utility.

To hear the rest of the conversation with Sikonathi Mantshantsha, listen below:

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20 June 2018 8:20 AM
Tags:
Eskom
Former Eskom CFO Anoj Singh

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