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Tegeta dictated business terms to Eskom, commission hears

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Tegeta dictated business terms to Eskom, commission hears StateCaptureInquiry

JOHANNESBURG - The state capture commission has heard how Gupta-owned company Tegeta dictated the terms for a business agreement with Eskom and got the power utility to sign that agreement without financial due diligence.

She says a lot of pressure was placed on Eskom to conclude the R4.3 billion business deal with Tegeta within 48 hours. He was meant to take the stand at the commission and expose the Gupta family’s dealings with the power utility.

 

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