JOHANNESBURG – Gupta-linked global consultancy firm Trillian capital has been ordered to pay Eskom R600 million. In March last year, the power utility sued both Trillian and McKinsey for the repayment of almost R1.6 billion allegedly unlawfully paid to them as a result of an invalid deal involving corruption and fraud. McKinsey has since paid..
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PAY BACK THE MONEY: Gupta-Linked Trillian ordered to pay Eskom R600m as a result of an invalid deal involving corruption and fraud
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Des Van Rooyen lost no time in the treasury
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On December 9 2015, ANC backbencher Des van Rooyen was appointed finance minister. Four days later, after intense pressure, then-president Jacob Zuma rescinded his appointment, shifted him to the co-operative governance and traditional affairs department and appointed Pravin Gordhan to control the nation’s purse strings.
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McKINSEY DOSSIER – Part 2: Contract To Pay McKinsey And Trillian R1.6-Bn ‘Invalid’
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In Part 1, we detailed how global consultancy McKinsey lined up an R9.4-billion bonanza from Eskom with the help of Gupta-linked Trillian Capital Partners. We also showed how Eskom executives ignored warnings from their own legal team that the contract favoured McKinsey and did not comply with the law. In Part 2, we show how the flawed..
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McKINSEY DOSSIER – Part 5: How Transnet Cash Stuffed Gupta Letterboxes
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When global consulting firm McKinsey “came clean” last Tuesday about its work at Eskom, it admitted it was not careful enough about associating with Trillian, its de facto local partner. But it claimed not to have known that Gupta lieutenant Salim Essa owned most of Trillian.Now we show that at least R30m flowed from Regiments,..
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McKINSEY DOSSIER – Part 4: Eskom Bending Over Backwards For Trillian #GuptaLeaks
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Eskom paid Trillian R595m without a valid contract while lying to the public about doing so. This is well established by now. But how the Gupta-linked company was sneaked onto Eskom’s payment system – a system designed to prevent fraud – has always been a mystery. A series of interviews and leaked documents show that..
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McKINSEY DOSSIER – Part 3: Eskom Tells McKinsey And Trillian To #PayBackTheMoney #GuptaLeaks
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Pressure on global consulting giant McKinsey has reached breaking point after Eskom moved to reclaim R1.6-billion in consulting fees paid as part of the controversial turnaround project. On Thursday night Eskom released a statement saying that it “sought McKinsey and Trillian’s co-operation” to have the R1-billion paid to McKinsey and the R564-million paid to Gupta-linked..
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McKINSEY DOSSIER – Part 1: How McKINSEY And Trillian Ripped R1.6B From ESKOM – And Planned To Take R7.8BN More
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It is now well-established that global consultants McKinsey and their local Gupta-linked counterpart Trillian extracted R1.6-billion in fees for “turnaround” advice given to Eskom. In this investigation, the first in a series, we delve into an explosive report that says Eskom ignored warnings that the proposed contract might be illegal, and reveal internal documents detailing..
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Suspended Eskom CFO faces charges of corruption
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Charges of corruption and financial misconduct have been laid against Eskom’s suspended chief financial officer‚ Anoj Singh. The Organisation Undoing Tax Abuse laid the charges on Tuesday morning at the Randburg police station. The charges come after Eskom on Monday admitted to lying about payments which benefited the embattled Gupta family through the Trillian business..
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