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OUTA wants Singh to lose accounting licence

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The Organisation Undoing Tax Abuse (OUTA) is calling for former Eskom CFO Anoj Singh to lose his accounting licence and that his resignation should not allow him to avoid being held to account for the plundering of Eskom.

The organisation is questioning why there has not been “any action” against Singh by Eskom apart from suspending him. This despite OUTA regarding Singh as being “at the centre of claims of massive corruption in Eskom”.

Singh resigned from Eskom on the eve of his scheduled appearance before the portfolio committee on public enterprises.

OUTA wants Singh to face both criminal charges and civil action to recover “missing funds” at Eskom.

“Anoj Singh is a wrecking ball. This man should never practice as an accountant again,” says Dominique Msibi, OUTA’s portfolio manager for special projects.

He was Eskom’s Chief Financial Officer, on special leave since 27 July 2017 and suspended since September 2017. He has been at the centre of claims of massive corruption in Eskom but, despite his suspension, there has been no action against him by Eskom.

“His departure can only improve Eskom’s financial position,” says Msibi.

“We want his letter of resignation made public. We want to know the exact terms of his departure, particularly in the light of the confusion over whether Brian Molefe resigned, retired or received a payout. We also want the new board to make sure that Singh does not receive any bonus or shares payout.”

“We implore the Portfolio Committee and the new board to continue the process of holding him to account and to ensure that he faces the full might of the law,” says Msibi.

Singh was acting CFO at Eskom from 1 August 2015 and then his appointment was approved by Cabinet on 25 September 2015. He had been at Transnet as CFO since July 2012 and was acting CFO there since 2009.

Singh and Brian Molefe and run Transnet together then moved within months of each other to Eskom.

Singh leaves a trail of unanswered questions over Eskom’s finances.

“Singh became an absolute funnel for funds for the Guptas,” says Msibi.

In August last year, OUTA laid charges of corruption and financial misconduct against Singh at Randburg police station. “We trust that the Hawks and NPA will take action now,” says Msibi.

In September, OUTA filed a complaint about Singh to the South African Institute for Chartered Accountants (SAICA). This is still not finalised.

In November last year, OUTA opposed Eskom’s price increase application (Eskom asked for 19.9% and was granted 5.23%). OUTA’s opposition was substantially based on Eskom’s chaotic finances, the secrecy over spending on its new build programme, inefficiency and failure to address corruption. Again, these finances were under Singh’s control.

OUTA made submissions in July and October last year to the ongoing inquiry into Eskom by the Portfolio Committee on Public Enterprises.

“There is a fresh breeze blowing through South Africa. We have renewed hope that Eskom will be reclaimed and people like Anoj Singh will be held to account,” conludes Msibi.

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