Eskom CFO Suspended Over Corruption And State Capture

Transnet's chief financial officer, Anoj Singh briefs portfolio committee. Pic: Trevor Samson. 08/05/2012. © Business Day

Eskom’s Chief Financial Officer (CFO), Anoj Singh has been suspended over allegations of state capture. Singh has been on a special leave since July.

He was placed on the special leave by Eskom board after the Development Bank of SA (DBSA) threatened to retract its R15bn loan if Eskom fails to take action against him.

Eskom’s acting chair Zethembe Khoza, on Friday, announced that the board decided to convert Singh’s special leave to suspension, pending a disciplinary hearing.

Eskom CFO Anoj Singh, a good friend to the Gupta, allegedly awarded irregular contracts to Gupta-linked businesses and also received gifts and trips from the controversial family.

In addition, the power utility announced that a disciplinary board has been set up to look into the suspension and allegations of irregular tender awards against the head of generation Matshele Koko.

The disciplinary process against Koko, who was also suspended in July after it emerged that he awarded tenders to a company – Impulse International – will start within the next two weeks.

BuzzSouthAfrica also gathered that suspended Eskom staff Prish Govender and Charles Kalima have been re-suspended.

The duo was recently called back to work following their representations but Eskom announced on Friday that they have been suspended again alongside Singh.

The cash-strapped power utility has been battling to revive and return to its former shape after being torn apart by corruption and allegations of an unhealthy relationship with the Gupta family.

On Thursday, it suffered yet another blow when the Business Leadership South Africa (BLSA) suspended its membership, along with Transnet.

In its statement, BLSA said after engaging Eskom and Transnet, it found both state-owned utilities wanting over allegations of state capture.

The business body asserted that “until and unless a non-conflicted, experienced and permanent chairperson and board are appointed – who in turn appoint an experienced and honest executive team – Eskom will loom large over the economy as a threat to stability and economic growth.”

 

 

 

 

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