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Singh denies knowing Essa was paid 50% of fees billed by McKinsey Anoj Singh also denied that he had a close relationship with Salim Essa. A screengrab of former Transnet CFO, Anoj Singh, appearing at the state capture inquiry on 27 May 2021. Picture: SABC/YouTube
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JOHANNESBURG - Transnet s disgraced former chief financial officer (CFO) Anoj Singh said that he did not know Salim Essa was paid 50% of fees billed by consultancy firm McKinsey, as well as a portion of all other Transnet contracts that he signed off.
Singh was testifying at the state capture commission about his tenure at the company.
Government, SOEs poured R49-billion into criminal enterprises
Paul Holden, co-founder and director of Shadow World Investigations, appeared at the Zondo commission of inquiry into allegations of state capture on Monday to give evidence on Gupta contracts with state-related entities.
Shadow World Investigations focuses on cases of grand corruption, corporate malfeasance and militarism (co-founder Andrew Feinstein was an ANC MP until his resignation in 2001 when the party refused to properly investigate the arms deal).
Holden gave a stupefying account of billions of rand paid from state-owned entities and other governmental organisations into a complex local laundromat. From here the “laundered” funds were transferred into further complex offshore arrangements in Hong Kong, China and Dubai. Ultimately, the funds ended up in Gupta-related enterprises.
Gupta enterprise earned over R15bn from Transnet contracts, Zondo told Researcher Paul Edward Holden said the payments were for locomotives and crane contracts and consultancies. FILE: A video screengrab of Ajay Gupta. Picture: Eyewitness News.
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JOHANNESBURG - Shadow World Investigations on Monday said irregular contracts awarded by Transnet, including to the Gupta enterprise, are valued at a total R28 billion, more than half of the R49 billion of all state capture money flows.
Researcher Paul Edward Holden said the payments were for locomotives and crane contracts and consultancies.
The state capture commission heard that the Gupta enterprise made over R15 billion in kickbacks from these and other contracts awarded to and through their associates.