McKinsey explains relationship with Gupta-linked Trillian
The global consultancy has, ‘in hindsight’, questioned why it continued working with the company before due diligence was completed
Global consultancy firm McKinsey, which has found itself ensnared in state capture allegations, says the firm has, in hindsight, questioned why it continued working alongside Trillian Capital Partners at Eskom when it had failed a due diligence test.
McKinsey was testifying for the second day at the state capture commission, chaired by deputy chief justice Raymond Zondo. The testimony came less than a day after the firm, which is one of the world’s biggest and most influential consulting groups, voluntarily agreed to repay about R650m it received for work done for Transnet and SAA that had involved Gupta-linked consultancy Regiments Capital...
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