CORRECTED: Eskom goes after McKinsey and Trillian for R1.6bn payment
The acting CEO says dealings with Gupta-linked company have all the hallmarks of corruption
Eskom has instituted legal proceedings to recoup R1.6bn paid to global consulting firm McKinsey and Gupta-associated Trillian Capital. McKinsey has in the past indicated its willingness to pay back its share of about R1bn of the R1.6bn but has insisted that the payment be made on the basis of a court order. Eskom launched a court application a few weeks ago for the repayment. This week the utility was granted permission in the High Court in Pretoria to make an appearance in the application by the Asset Forfeiture Unit (AFU) for the assets of McKinsey and Trillian to be frozen as the proceeds of crime. According to a report in the Citizen newspaper, Eskom’s application for an interim order to stay the forfeiture proceedings, pending the final determination of its own application for repayment and an order to preserve the funds until then, was postponed indefinitely. Phasiwe said Eskom would prefer the R1.6bn not to be frozen as other processes would then be necessary to get it unfro...
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