International consulting firm McKinsey has appointed law firm Norton Rose Fulbright to probe explosive allegations against it in an inquiry led by advocate Geoff Budlender. In Budlender’s report, released on Thursday, McKinsey is accused of knowingly entering into a "sham" arrangement with Trillian to keep the Eskom taps flowing. Eskom appointed McKinsey in 2015 to provide a range of advisory services to the value of an estimated R1bn a year. Budlender’s report also suggests McKinsey had tried to mislead the inquiry and stopped its co-operation when confronted with evidence that it had provided false statements. McKinsey said on Sunday it had appointed Norton Rose Fulbright to help investigate the allegations. Bonita Dordel, McKinsey’s director of external relations for Africa, said it was investigating the matter "seriously, supported by" the law firm. The probe was being overseen by McKinsey’s general counsel and chief risk officer. Trillian, majority-owned by Gupta lieutenant Sal...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.