Black Business Council welcomes expulsion of Anoj Singh by accountancy watchdog
The Black Business Council (BBC) has welcomed the expulsion of former Eskom CFO Anoj Singh from the charted accountancy body.
On Friday, the South African Institute of Chartered Accountants (Saica) kicked Singh to the curb after a disciplinary committee found him guilty of 12 charges.
Singh was found guilty of dishonesty, gross negligence and flouting a number of laws during his tenure at Transnet and Eskom.
BBC president Zandile Zungu says disciplinary action must be used to supplement judicial processes.
“Perhaps there should be consequences on livelihoods for delinquents to bring people to book or to even find them guilty. Long before Anoj Singh would have been found by the courts to be guilty or otherwise, he would have been stripped of his charted accountant title by Saica as it happened today.
“The BBC welcomes this decision against one its own. The use of the badge of honour as a carrot to lure them into the kraal must be used and then whip them to shape if they misbehave. There has to be consequences for delinquents.”
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Mapu appeared alongside local businesswoman Bulelwa Ntanga-Mkwakwi. The pair appeared on allegations of fraud and corruption which involves a housing tender totalling some R14 million. It's alleged that Mapu and Ntanga-Mkwakwi had a corrupt relationship during 2014. Mapu allegedly accepted a R900 000 bribe from her in exchange for awarding her business with a R12.8 million tender.
Earlier this month, Eskom and the Special Investigating Unit (SIU) have filed papers at the High Court in Pretoria in a bid to recoup at least R3.8 billion from former Eskom executives and board members, as well as members of the Gupta family.
The summons issued named several officials accused of misconduct, including Singh.
Zungu raised his concerns about rampant corruption.
“The truth is that corruption risks tearing apart the threads that hold our nation state together, it risks pulling the pillars down. The biggest threat to our social order is when the poor are the biggest losers to the scourge of corruption.
“In actual fact, corruption in our country is now on steroids. Someone called it an orgy of corruption.”
He warned BBC members fingered for misconduct would suffer the same fate as Singh.
Listen to Zungu below:
