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.

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

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.

RELATED: Anoj Singh described as arrogant at state capture commission

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:


Recommended

by NEWSROOM AI
Read More
SAA urges customers to continue booking flights

SAA urges customers to continue booking flights

SAA spokesperson Tlali Tlali says the business rescue practitioner must be given time to investigate issues plaguing the airline.

Inaugural Gauteng SMME Summit focuses on access to markets

Inaugural Gauteng SMME Summit focuses on access to markets

Aim of is to help local, small and medium-sized enterprises in the province to overcome barriers to market access and funding.

City of Tshwane placed under administration

City of Tshwane placed under administration

Gauteng Human Settlements and Co-operative Governance MEC Lebohang Maile explains why they took that decision.

Fifth member of alleged terror group Crusaders arrested in Cape Town

Fifth member of alleged terror group Crusaders arrested in Cape Town

Hawks spokesperson Brigadier Hangwani Mulaudzi says the suspect has been released on bail and will appear in court next year.

Anoj Singh described as arrogant at state capture commission

Anoj Singh described as arrogant at state capture commission

Former Transnet group treasurer Mathane Makgatho says the former CFO did not have any regard for cash flow management policy.

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

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

Deputy Editor at Financial Mail Sikonathi Mantshantsha says SAICA is pretending to be working by announcing charges against Anoj Singh

Popular articles
Considering emigration? Financial planner discusses the affordability of leaving

Considering emigration? Financial planner discusses the affordability of leaving

Can you afford to leave South Africa? Certified Financial Planner (CFP) Barry O'Mahony on what to consider before deciding.

'SAA’s collapse plays nicely into hands of a politically constrained Ramaphosa'

'SAA’s collapse plays nicely into hands of a politically constrained Ramaphosa'

After dithering for fear of spending political capital, SAA is now out of the President’s hands, says Pieter du Toit (News24).

Minister Fikile Mbalula appoints permanent Road Accident Fund board

Minister Fikile Mbalula appoints permanent Road Accident Fund board

Eyewitness News reporter Bonga Dlulane gives details of the new board and the mandate they have been given by the minister.

Jehova Retshepile Wena star Neyi Zimu has passed away

Jehova Retshepile Wena star Neyi Zimu has passed away

The Gospel star succumbed to a long illness on Wednesday night.

There is no Ubuntu in how Khanya Cekeshe has been treated - Thuli Madonsela

There is no Ubuntu in how Khanya Cekeshe has been treated - Thuli Madonsela

Former public protector says the eight-year sentence was too harsh and it shouldn't matter that he was not a Wits student.

[WATCH] Driver assisting a waste reclaimer push trolly up a hill goes viral

[WATCH] Driver assisting a waste reclaimer push trolly up a hill goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

‘South Africans are getting poorer and poorer because of politics’

‘South Africans are getting poorer and poorer because of politics’

SAA is a classic example, says Isaah Mhlanga, Chief Economist at Alexander Forbes Investments.

[VIDEO] People in amusement park thrown off ride in Thailand goes viral

[VIDEO] People in amusement park thrown off ride in Thailand goes viral

Khabazela shares tweets and Facebook posts that have gone viral.