BREAKING NEWS: Anoj Singh charged with misconduct

Following an extensive investigation, Saica has charged former Eskom CFO Anoj Singh with misconduct.

The South African Institute of Chartered Accountants’ (Saica) has announced that Anoj Singh, who has been implicated in several dodgy deals involving the Guptas, will face charges of misconduct and a disciplinary hearing, as he failed to adhere to the fundamental principles in the professional code of conduct for CAs.

Saica labelled Singh's conduct as discreditable, dishonourable, dishonest, and irregular, and called it derogatory to the institute. Saica said in its statement:

“Mr Anoj Singh failed to disclose to the Eskom Board of Directors the true reason for Tegeta's request of some R600 million from Eskom. Mr. Anoj Singh was knowingly associated with reports, returns, communications or other information where he knew or believed, or ought reasonably to have known, that the information contained a materially false or misleading statements; contained statements or information furnished recklessly; or omitted or obscured information required to be included where such omission or obscurity would be misleading. After Mr. Singh became aware that he was associated with such information, he failed to take steps to be disassociated from that information.”

According to the institute's by-laws, Singh has 21 days to respond to the charges against him.