StateCaptureInquiry hears how Eskom processes were flouted for Tegeta prepayment
An Eskom employee who has been at the employ of the power utility from 2004, Snehal Nagar, told the commission of inquiry how processes were flouted so the entity could make a prepayment of R659 million to Gupta-linked Tegeta on the same day it became clear that the Gupta-affiliated company was short of that same sum to purchase the Optimum coal mine.
“In the context of what we do, the R659 million is not necessarily a high figure, what would have stuck out is the prepayment, which is unusual,” Nagar said. On April 13, 2016, at around 10 am and 11 am, Nagar said while he was driving to meet a client in Pretoria, he received a phone call from Maya Naidoo who worked at the office of the then Eskom CFO Anoj Singh.
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