The contract outlined the $2bn loan Eskom would receive, but it had caveats. There was a commitment fee of about R400m and an even larger penalty if Eskom backed out.Singh allegedly ignored legal advice by an independent law firm, White & Case, and other officials at Eskom who said the terms were ambiguous - signing off on the deal in March 2017.
After Singh resigned under a cloud in January last year, Maritz allegedly approved the R400m commitment fee, or prepayment, to Huarong. He alleged he was intimidated for not complying with the deal. "It arose from the fact that I did not co-operate with the process. I viewed it as a way of trying to put pressure on me or to intimidate me. He called me to his office and pulled out a folded piece of paper. There were a few lines typed. Maritz said there was a whistleblower report which said I was implicated in a bribe with a Russian company … I did not even read the piece of paper."
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