State Capture hears how Eskom board meeting was cancelled due to Gupta’s influence

A crucial Eskom board meeting to sign off the company’s financial results was cancelled at the last minute under the instructions of a Gupta associate, the Commission of Inquiry into State Capture heard on Tuesday.

Former Eskom Financial Director, Tsholofelo Molefe, says they needed the power utility’s financials to be approved because the results were important for te company to get funding from international markets.

However, the meeting was cancelled by former Eskom Board Chair, Zola Tsotsi.

Molefe says Tsotsi told her he is getting pressure from people outside to cancel the meeting.

 She says she later found out that the Gupta’s wanted the meeting cancelled because their TNA Eskom breakfast deal was under investigation by auditors.

Molefe says they eventually went ahead with the meeting and Tsotsi was not happy.

She says, “I then called the board members again individually and informed them and said it appears there is a technicality of how the meeting was convened on Sunday, because it had been cancelled by Mr Tsotsi. We then decided that we will convene another meeting that evening to make sure it is constituted properly so they can approve again the financial statement.”

Commission hears Molefe’s testimony:

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Source: SABC News (