More Transnet murk dug up at Zondo commission

Former Transnet CFO, Anoj Singh. Source: Moneyweb

Further evidence that former Transnet CFO Anoj Singh abused his position to push through deals for corrupt pals in high places was again given to the state capture commission earlier today.

Testifying to Judge Raymond Zondo, former Transnet treasurer Mathane Makgatho gave a detailed description of how Singh “went out of his way” to block any attempts she made for due fiduciary oversight procedures.

She was excluded from closed-door decisions meant to fast-track the procurement of more than 1000 locomotives, a much-reported transaction that has been mired in irregularities and which has dominated testimony to the Zondo commission.

Makgatho said among other things that being purposefully left out by Singh from “Transnet’s negotiating team” at the time meant she couldn’t fulfil her role of managing financial risk, identifying alternative procurement options, and structuring capital expenditure.

Singh, she said, “didn’t want to be challenged on certain decisions. He knew I don’t except everything as gospel truth.”

She had been deliberately side-lined and prevented from fulfilling her duties, Makgatho stressed, because Singh “wanted people who were meek”.

 


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