JOHANNESBURG - The state capture commission has on Friday heard more evidence on Eskom’s unlawful pre-payment to Gupta-owned company Tegeta, with the power utility’s official Gert Opperman admitting he signed off on the deal even when he knew it was irregular.The commission heard this week that normal procurement processes were ignored when Eskom processed the R659 million pre-payment contract with Tegeta to help it purchase the Optimum Coal Mine.
Opperman said he was worried when he was told to sign the prepayment because no services had been provided by the company. “It was not regular and it worried me. I signed multiple payments like this on a monthly basis. This was the first that I read and it made me feel uncomfortable and that’s why I consulted with my senior about it.”
This week, Eskom’s Snehal Nagar admitted that the pre-payment was unwarranted, dodgy, unbudgeted for and was done without following the normal procurement processes. The power utility’s treasurer Andre Pillay also told the commission that Eskom’s former acting CEO Sean Maritz used different tactics to intimidate him into supporting an R25 billion loan for Eskom from the Chinese asset management company Huarong, a deal that he said burdened Eskom instead of helping it.
mheidtman Elke pot het sy skewe poepol.
Send this fool to jail too!
Why...why...why..must we pay for ESKOM corruption and incompetence. Looters could not care less because they have millions in their account. ESKOM increase will not affect them. It will affect the poorest of the poor
Which one of the Beatles is he? I recognize the hair, not the face 🧐
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WATCH LIVE: Eskom payments to Tegeta scrutinised at Zondo CommissionThe Zondo commission of inquiry into state capture is hearing testimony from Eskom officials Snehal Nagar and Gert Opperman on the “unlawful” prepayment Eskom made to Gupta owned Tegeta to buy Optimum coal mine.
Source: ewnupdates - 🏆 30. / 53 Read more »
WATCH: State capture inquiry witness to expose details on Eskom’s prepayment to TegetaThe witness will also give testimony on the ash penalties on the Gupta-owned coal mine and a questionable Absa guarantee.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
State capture inquiry hears how Eskom processes were flouted for Tegeta prepaymentThe power utility gave the Gupta-linked company prepayment on the same day the Optimum purchase price was due.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
'Eskom officials rushed to ensure R659m pre-payment to Gupta-linked Tegeta' | IOL NewsThe Zondo commission has heard how Eskom officials rushed through the pre-payment of R659 million to Tegeta even though no services had been received.
Source: IOL - 🏆 46. / 51 Read more »
Tegeta pre-payment against Eskom procurement processes, inquiry hearsEskom official Snehal Nagar says Bhana Naidoo simply gave an instruction for the payment without giving details, adding that Eskom didn’t budget for the dodgy transaction.
Source: ewnupdates - 🏆 30. / 53 Read more »
Eskom prepayment to Tegeta was ‘startling’ and did not make sense – witnessThe witness says the correct procedure was certainly not followed when the payment was made to Tegeta. koko_matshela 😉
Source: TheCitizen_News - 🏆 6. / 75 Read more »
#StateCaptureInquiry: Nagar instructed to make payment to Tegeta 'within 3 hours' | IOL NewsHead of Finance at Eskom's primary energy division, Snehal Nagar, testified he was instructed to make a R659 million pre-payment ...
Source: IOL - 🏆 46. / 51 Read more »
Inquiry hears Eskom tender committee resolved to pay Tegeta R659m before contract was signedEskom's board tender committee resolved to make a R659m pre-payment to Gupta-linked company Tegeta Exploration and Resource before Tegeta's own board signed off on approaching the power utility or a contract was in place, the state capture inquiry has heard. Fin24 It’s incredible how despite us all knowing that this Tegeta and Gupta story only accounts for 6% of Eskom’s coal, we seemingly still not interested in digging deeper to understand the activities and shenanigans of the remaining 94%. I wonder why? StateCaptureInquiry Eskom_SA
Source: News24 - 🏆 4. / 80 Read more »
Eskom took only 3 hours to illegally pay Tegeta R659m – NagarNagar said although the payment was illegal, he and his team had to do as they were told. 'Not following instructions was unheard of at Eskom.'
Source: TheCitizen_News - 🏆 6. / 75 Read more »
#StateCaptureInquiry: Eskom slashed Tegeta fines from R2bn to R254m | IOL NewsStateCaptureInquiry: The Zondo commission has heard how Tegeta only paid R254 million of the R2.1 billion coal penalty which it was fined by Eskom for poor coal quality. 😥😥😥😥😥😥😥😥😥 But no negotiations contemplated with the previous owners? It is the duty of the government,led by Ramaphosa to claim/or demand the rest of the remained payment and lock to jail all those corrupt officials disclosed at ZONDO COMIMISSION
Source: IOL - 🏆 46. / 51 Read more »
R659m Tegeta bill 'startling', but bosses gave order to pay - officialReceiving an instruction to complete a payment of R659m within just 1 hour and 22 minutes was 'certainly startling', but a top official at Eskom says he and his team went along with it as the instruction came from the top of the company. Fin24 Eskom: What is the point of all the laws, regulations & financial procedures governing Govt transactions & tenders when ANCDeployees simply ignored (& probably still do) them in the service of the enrichment of themselves & their cronies?! Fin24 ANC politicians & ANCDeployees at Eskom & other SOEs simply got officials lower down the food chain to do their bidding & to flout procedures they KNEW were wrong: Now these officials have to answer for it, while these CompromisedCadres enjoy their illicitly-gained wealth!
Source: News24 - 🏆 4. / 80 Read more »