Former Eskom CFO Anoj Singh a no-show at Saica disciplinary hearing
Former Transnet and Eskom chief financial officer (CFO) Anoj Singh decided on Wednesday not to attend the start of a disciplinary hearing held by the South African Institute of Chartered Accountants (SAICA).
Singh faces 18 charges of misconduct related to alleged dodgy dealings during his tenure at the two state-owned enterprises.
These include allegations that the former CFO misrepresented the business case for the controversial procurement of more than 1 000 locomotives for Transnet, costing the company millions in over-payments.
Singh is also reported to have received gifts and sponsored foreign trips from the controversial Gupta family.
EWN's Theto Mahlakoana reports from the hearing, which is continuing without Singh.
There's evidence before the hearing now on how the locomotive contract with Transnet came about and how the costs ballooned from R38.6bn to R54.5bn eventually.Theto Mahlakoana, EWN reporter
Mahlakoana notes that evidence presented at the Zondo Commission showed there were a lot of anomalies and potentially corrupt dealings which lead back to the Guptas and their businesses when Singh was at Eskom.
Saica wants to prove that in a lot of ways Singh had somehow abused his position, had also not acted in line with the code of conduct that governs that profession.Theto Mahlakoana, EWN reporter
They will over the next few days try to make those linkages to how he was central to a lot of these dealings and how as the chief financial officer of these two institutions he had abandoned his role by virtue of allowing those contracts to go through.Theto Mahlakoana, EWN reporter
Listen to the full update here:
This article first appeared on 702 : Former Eskom CFO Anoj Singh a no-show at Saica disciplinary hearing
She shares how she went from struggling with the area of study to becoming one of the youngest rising stars in the field.Read More
The Constitutional Court has ruled the doctrine of common purpose should be applied to the crime of rape.Read More
An analyst suspects that the brazen killing of Rashied Staggie won't go unpunished and the community of Mannenberg remains alert.Read More
Prominent Cape Town gang figure Rashied Staggie was assassinated in his car on Friday by two gunmen in Salt River.Read More
A High Court judge has extended an interdict stopping law enforcement officials from issuing fines and harassing homeless people.Read More
The High Court has dismissed the Public Protector's application for leave to appeal the Estina Dairy Farm report ruling.Read More
CAR magazine technical consultant Nicol Louw runs through the vital checks you can get the experts to do and those to do yourself.Read More
The former Hard Livings leader was sitting in a car in front of his house in Salt River when someone sprayed it with bullets.Read More
Premier Alan Winde and ANC's Cameron Dugmore are behind Matakata, who's tasked with bringing stability to policing in the province.Read More
Clive Amsel explains the Kick Butt Campaign to raise awareness around not throwing cigarette butts on the ground.Read More
The Daily Maverick's Sikonathi Mantshantsha says government leadership is truly to blame for the current Eskom mess.Read More
Refilwe Moloto interviews Marks on her first visit to Cape Town since taking up her new role.Read More
Sarb Governor Lesetja Kganyago highlights responsibilities of Reserve Bank and why interest rates are a tool not policy objective.Read More
How do you measure if you are financially on track after a lousy year?Read More
This massive state oil producer is now the world's first $2 trillion company.Read More
Is there an option for mass solar supply to South Africa in the near future? This entrepreneur thinks so.Read More
What are the immediate and existing solutions to Eskom's generation issues?Read More
Should we use business rescue to save all our parastatals? Specialist attorney Gareth Cremen explains why that's not a good idea.Read More
"We don’t trust those engineers at Eskom. We don’t trust management and we don’t trust the board," says Joseph Montisetse (NUM).Read More
A task team has been created to deal with issues at the Cape Town port, from a shortage of cranes to heavy traffic flows.Read More