Eskom disputes report that Gupta-linked firm helped with R5bn insurance claim
Eskom has denied that Gupta-linked firm Trillian handled negotiations for the utility to settle a massive insurance claim. The Mail & Guardian reported on Friday that Trillian Capital Partners and associated company Trillian Advisory negotiated with Eskom’s insurers for months in an attempt to settle a R5bn. The claim was reportedly linked to the March 2014 explosion at the Duvha power plant in Mpumalanga. The newspaper said documents showed Trillian executives met representatives of insurers Marsh in Sandton; that Trillian presented itself as Eskom’s agent in the matter; and that Eskom bosses knew of its work through a steering committee‚ which included Eskom executives. Quoting documents, the M&G said Trillian executives worked to find a supplier to replace the Duvha boiler‚ a process due to start next year‚ which Trillian had been appointed to oversee. But Eskom said in a statement that Trillian provided no assistance with negotiations for its Duvha insurance claim. "We would lik...
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