Anoj Singh, Eskom’s suspended Chief Financial Officer (CFO) has been slammed with corruption and financial misconduct charges.
The charges were laid on Tuesday morning at the Randburg Police station by the Organisation Undoing Tax Abuse (Outa).
Outa’s action was triggered by Eskom’s acknowledgement on Monday, that it lied to Parliament about payments which benefited the embattled Gupta family through the Trillian business group.
According to Outa, Singh alleged benefitted from Gupta-funded trips to Dubai, after various payments, he authorised from Eskom favoured the Indian-South African family.
Singh authorised an R1.6 billion guarantee by Eskom to Absa bank. This payment was used by the Guptas to buy Optimum Coal Holdings in December 2015.
He allegedly bypassed the Eskom system to make payments of hundreds of millions to Trillian. The main Trillian shareholder was Salim Essa, who is part of the Gupta business empire.
Singh authorised at least three substantial payments totalling R266 million to Trillian in April and August 2016 which did not go through Eskom’s books, according to the Budlender investigation.
Advocate Geoff Budlender – appointed by former Trillian business group chairman Tokyo Sexwale – had conducted an investigation into the Trillian companies and the businesses’ use of political inside knowledge to benefit the Guptas.
Singh’s fourth payments together were about R419 million. The transaction was in December 2016 and was reported on by AmaBhungane.
An affidavit containing these financial misconducts were handed to the police by OUTA’s Head of Legal Affairs, Advocate Stefanie Fick today.
The scandal-hit state utility suspended Singh in July pending an internal investigation into him. He has been Ekom CFO since 25 September 2015 and acting CFO since 1 August 2015. Also, he was a former Chief Financial Officer at Transnet.
On Monday morning, Eskom admitted that it had lied to the media in June when it said that a review by Oliver Wyman, a management consultancy headquartered in New York, had found the payments to be above board.
Two sources with direct knowledge of the matter confirmed that said the false information was supplied by Singh.