State to go after R1bn paid by Eskom to McKinsey
The R600m paid to the formerly Gupta-linked Trillian Capital, as part of an allegedly criminal deal, however, has ‘disappeared’
The R595m Eskom paid to formerly Gupta-linked Trillian Capital — as part of an allegedly criminal deal — has "disappeared"‚ making it impossible for the Asset Forfeiture Unit (AFU) to recover the cash at present. However, the state is still going after the R1bn Eskom paid to international consultancy firm McKinsey‚ after negotiations over the return of the money broke down. Eskom CEO Phakamani Hadebe has stated that the dealings senior Eskom officials had with Trillian — including "sending confidential information to Trillian representatives‚ conducting private meetings, and accepting holidays in Dubai" — "have all the hallmarks of corruption". Eskom is now seeking to overturn its "master service agreement" with McKinsey and Trillian‚ and argues that the R1.6bn in payments it made to the consultancy firms were unlawful. McKinsey has maintained it is prepared to pay back the money‚ "should a court order be made". In papers filed at the Pretoria High Court on Wednesday‚ AFU head of op...
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