Former Transnet CFO refused permission to work in Dubai
The Palm Ridge Specialised Commercial Crimes Court denied the former CFO of Transnet Anoj Singh’s modification of his bail conditions. Singh asked to work overseas, claiming it is difficult to find employment in SA after the allegations made against him and his co-accused.
The former group CFO of Transnet, Anoj Singh, has been denied a modification of his bail conditions by the Palm Ridge Specialised Commercial Crimes Court, preventing him from working in the United Arab Emirates (Dubai) on February 23.
Acting magistrate Emmanuel Magampa denied The Criminal Procedure Act section 63 application and rendered a decision against the applicant.
He said although there is no evidence to refute his claim that he cannot find employment in South Africa, one must acknowledge that it will be difficult to secure a position as a CEO or CFO or any high-ranking position similar to the one he held at Eskom and Transnet after being stripped of his status as a chartered accountant.
Singh applied last week to be allowed to work for the Buy4Rich company in Dubai. He said the corruption and fraud accusations brought against him in the Transnet multimillion-dollar consulting case prevented him from finding suitable employment in SA.
The primary case involving Singh and his 14 co-accused parties has been moved to the South Gauteng High Court in Johannesburg on March 25 for Singh’s initial appearance.
The charges cover a range of offences, including money laundering, fraud, corruption, and violation of the Public Finance Management Act (PFMA) concerning the state-owned entity’s transaction advisory tender for locomotives from 2012 to 2015.
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