Gupta man’s plan to milk land sale
New evidence ties former Oakbay director Mark Pamensky to scheme to earn lavish fees from Eskom and Transnet properties
New evidence implicates former Oakbay director Mark Pamensky in a scheme to rake in massive fees for Gupta-linked companies by selling off Eskom and Transnet properties worth R14bn while he served on the Eskom board. A raft of confidential documents and legal opinions obtained by Business Day and TimesLive — and corroborated by sources — suggest Pamensky concocted the scheme while privy to inside information as chairman of Eskom’s investment and finance committee. A legal opinion that accused Pamensky of being "intellectually dishonest" in his conflict of interest declaration and recommended his removal was sent to the Eskom board in April 2016. This opinion was later watered down substantially, allegedly under pressure from the board, which allowed Pamensky to remain a board member until he resigned in November 2016. In his declaration, Pamensky said that he had resigned from Blue Label in November 2015 to set up the consultancy MarkPam, which was engaged by Michail Shapiro’s Fuel ...
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