Singh didn't spend his salary for 3 years, says he lived on savings

Singh didn't spend his salary for 3 years, says he lived on savings

Former Transnet CFO Anoj Singh has told to the commission of inquiry into state capture that he did not spend his salary between July 2012 and July 2015.

Anoj Singh Eskom
File Photo

The details are contained in a Funduzi forensic report that was read out at the commission on Friday. 

According to the report the money accumulated to R19 million. 

Singh was probed on how he funded his everyday lifestyle in the three years he did not use his salary.

"We understand the commission has access to a number of my bank statements and Mr. Chair it's concerning for me to be requested to answer this question to answer this question, given the fact that you have access to these other bank statements,” Singh replied.

Evidence leader, Advocate Anton Myburgh, conceded that the commission did have access to the bank accounts, but the commission wants to know how he funded his expenses because it is not clear in the bank statements.

Singh said it was surprising for him that the commission was asking this when it has analyzed his bank accounts.

He eventually said he used his savings.

"This bank statement is testament that I had a saving culture.”

Myburgh also revealed that Singh had 12 FNB bank accounts at the time. 

"Mr Chair, I am not too sure the period over this is but depending on whether you have a credit card, debit card, savings account, a garage card or a money market account if they allocated different account numbers to them one would have different bank accounts," said Singh.

According to Myburgh, Singh also had multiple accounts at several other banks. 

Singh repeated himself and said there was nothing suspicious about the accounts. 

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