The payment was made even though the Gupta company had not provided any services to the power utility.
JOHANNESBURG - Eskom's Gert Opperman says when he knowingly approved an irregular pre-payment deal between Gupta-owned company Tegeta and the power utility, he genuinely thought Eskom would get value out of the arrangement.
Opperman testified at the state capture commission on Friday about the R659 million payment Eskom made to the company to help it purchase Optimum coal mine.Opperman says he knew from the beginning that something was fishy about the pre-payment to Tegeta, because he was expected to sign it without sufficient documentation.
Opperman replied while he raised his concerns about the deal with his managers, he didn’t get satisfactory answers.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
State capture inquiry hears how Eskom treated Glencore differently to TegetaStateCaptureInquiry hears how Eskom treated Glencore differently to Tegeta
Read more »
State capture inquiry hears how Eskom processes were flouted for Tegeta prepaymentThe power utility gave the Gupta-linked company prepayment on the same day the Optimum purchase price was due.
Read more »
WATCH: State capture inquiry witness to expose details on Eskom’s prepayment to TegetaThe witness will also give testimony on the ash penalties on the Gupta-owned coal mine and a questionable Absa guarantee.
Read more »
Eskom coal supply manager was kept in dark‚ state capture inquiry hearsThe man who managed Eskom's contract with the Optimum coal mine was not consulted when the utility's senior executives slapped the mine with a R2.1bn penalty‚ forcing it into business rescue.
Read more »
Eskom did not follow correct processes for $2bn Chinese loan‚ state capture inquiry toldEskom flouted its own processes when it accepted a dodgy $2bn loan agreement from Chinese-based business Huarong Energy Africa.
Read more »
WATCH LIVE | Eskom in spotlight as state capture inquiry resumesEskom will continue to be in the spotlight as the state capture inquiry resumes in Parktown, Johannesburg, on Monday.
Read more »
Eskom 'misled' Reserve Bank, state capture inquiry hearsThe Reserve Bank was misled about a R25-billion loan agreement Eskom had with a Chinese company.
Read more »
WATCH LIVE | Eskom still in spotlight at state capture inquiryEskom is still in the spotlight as the state capture inquiry resumes on Tuesday.
Read more »
LIVE: Ramaphosa tackles Eskom, State Capture in Q&A | IOL NewsRamaphosaQandA: President Cyril Ramaphosa is updating the nation on StateCapture and the development around Eskom as he replies to questions in the National Assembly.
Read more »