Eskom announced that they had placed Anoj Singh, the chief financial officer on suspension pending the outcome of a forensic investigation.
According to informed sources, the suspension took place after ministers Lynne Brown and Malusi Gigaba intervened after the Development Bank of Southern Africa threatened to withdraw a R15bn loan if no action is taken against Singh and other Eskom officials.
This follows after Eskom confirmed last week that R3 billion was spent irregularly. Threats from
other banks are apparently also on the table.
Eskom’s loan debt currently stands at more than R300 billion.
Singh’s alleged involvement with Trillian Capitals Partners and the acquisition of the Optimum mine is being linked straight to the Gupta brothers.