Eskom gave Trillian R266m for no work, inquiry finds
The explosive report gives clues on funds moved to Dubai and accuses the Gupta-linked company of dishonesty
Politically connected financial advisory firm Trillian was paid R266m by Eskom for work it never did. This is one of several explosive revelations contained in a report of an inquiry by advocate Geoff Budlender into Trillian released on Thursday. Trillian, which is majority owned by Gupta lieutenant Salim Essa, benefited from contracts running into hundreds of millions of rand. The report says the contracts are suspect. The report also provides clues on how the Guptas may have moved money from SA to Dubai, and further evidence supporting former public protector’s Thuli Madonsela’s view that Trillian had helped pay for the Gupta purchase of Optimum coal mine from Glencore. It reveals how the company invoiced R122m for advisory services, including for Eskom’s controversial R4bn Duvha power station project, despite previous denials by both Trillian and Public Enterprises Minister Lynne Brown.The report exposes the central role allegedly played by Eskom chief financial officer Anoj Sing...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.