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Former Transnet chief financial officer Anoj Singh said he considered everything to be above board when Regiments took over transaction advisory from McKinsey at Transnet.
Former Transnet chief financial officer Anoj Singh has taken the stand at the inquiry into state capture, discussing Regiments role in the China Development Bank agreement with Transnet.
Gallo Images/Papi Morake Former Transnet CFO Anoj Singh defended the decision to appoint Regiments Capital as a transaction advisor. Singh said there was no capacity in Transnet's treasury to handle this transaction and funding facility for the locomotive, which needed to raise R50 billion. He denied instructing Transnet treasury staff into expediting the approval of Regiments-linked transaction advisory contracts. Former Transnet chief financial officer Anoj Singh again defended the decision to appoint Regiments Capital as a transaction advisor on major transactions Transnet undertook whil...
Deputy Chief Justice Raymond Zondo felt prompted to ask the former Transnet CFO to clarify his statement: “Do you think people will remember that more than the corruption?’’
Gallo Former Transnet chief financial officer (CFO) Anoj Singh returned to the hot seat at the State Capture Inquiry to answer questions on his relationship with Gupta-linked businessman Salim Essa, in relation to the state-owned freight and logistics group. The Thursday morning session focused on the procurement of the 1 064 locomotive, which Transnet undertook with McKinsey & Company, with Regiments Capital being brought along as transaction advisors and a supply development partner, respectively. On Tuesday, Transnet issued a statement in which it announced that McK...