Quote of the week

The recommendation for criminal charges is particularly applicable to Mr Anoj Singh and Mr Koko, who by false pretences led Eskom, through the officials who processed the R659 million payment, to believe that the R659 million payment was in the nature of pre-payment for coal, as was the R1.68 billion pre-payment, later converted into a guarantee, when in truth and fact they knew that the prepayment and the guarantee were needed to enable the Guptas to complete and save the sale of share transaction.

State Capture Commission Report
Volume 4, Part IV
1 June 2017

On Gupta corruption

In a scheme so audacious and lucrative that it puts the notorious arms deal to shame, [the Guptas}:

  • Entered kickback agreements totalling R5.3-billion with the Chinese manufacturer that became Transnet’s favourite locomotive supplier;
  • Influenced procurement processes through their associates at Transnet;
  • Are pocketing R10-million from each R50-million locomotive that Transnet is buying.
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