TREASURY REPORT: Anoj Singh's ill-gotten wealth exposed
JOHANNESBURG – The forensic report into the looting of Eskom and Transnet showed that the companies' erstwhile chief financial officer Anoj Singh did not use his salary for four years.
The report urged the Hawks to investigate if Singh did not use other sources of income to service his personal accounts. "It is not clear how Singh was servicing his personal accounts because for a period of four years we could not see any debit orders or cash withdrawals for paying his personal accounts," read the report.
- Investigators found that Singh's opening balance for 2013 was R3.3 million
- Singh's opening balance for 2014 was R7 million
- A total of nine credit transfers to Singh’s account for the period 27 January 2014 to 13 December 2014. These were paid by Transnet.
- There were three amounts paid into Singh’s bank account in June 2014 and this transfers led to Singh’s account to have an opening balance of R11.3 million for the month of July 2014.
- Singh's opening balance for 2015 was R16.8 million.
- There were 15 credit transfers to Singh’s account for the period 27 January 2015 to 15 December 2015. The credits were paid by Transnet.
- Singh's opening balance for 2016 was R19.5 million.
"The credits into Singh’s FNB account reflected above included what appears to be his monthly salaries from Transnet and Eskom. The credits further reflected large sums of money whose sources are unknown and suspicious," the investigators said.