Eskom apparently gave Gupta-linked Trillian a R419m leg up, to buy Optimum mine

AmaBhungane has revealed new evidence showing that the Public Enterprises Minister Lynne Brown misled Parliament about contracts between Eskom and Trillian Capital Partners.

Read: AmaBhungane exclusive: How Lynne Brown misled Parliament

Last year, Brown denied rumours of a lucrative pipeline of contracts between Eskom and Trillian Capital Partners.

But at the time, Trillian's subsidiary companies had already invoiced Eskom for R266 million.

Also read: Gupta-linked Trillian invoiced Eskom R419m without formal contract - amaBhungane

AmaBhungane has proof that Gupta-owned Trillian invoiced Eskom R419 million over nine months in 2016.

AmaBhungane's Sam Sole explains how the unit uncovered how Trillian, the financial services company owned by Gupta lieutenant Salim Essa, received money from Eskom.

We've also looked at payments by Eskom to Trillian and identified R235 million that contributed to the purchase of Optimum Mine.

Sam Sole, joint managing partner at amaBhungane

Sole says invoices dating between March 2016 - December 2016 show that Eskom paid almost R420 million to Trillain, a company which didn't exist until 1 March last year.

Take a listen to him explain the investigation:

WATCH: Understanding the Eskom/Trillian mine grab

Read More
AmaBhungane prove multi-million rand payout from Eskom to Gupta- linked Trillian

AmaBhungane prove multi-million rand payout from Eskom to Gupta- linked Trillian

This comes after Minister Brown denied any concluded contracts between Eskom and Gupta-linked financial advisory group, Trillian.

AmaBhungane exclusive: How Lynne Brown misled Parliament

AmaBhungane exclusive: How Lynne Brown misled Parliament

Senior Investigative Journalist at AmaBhungane, Sam Sole, reveals how Eskom helped the Guptas obtain the Optimum coal deal.

Gupta-linked Trillian invoiced Eskom R419m without formal contract - amaBhungane

Gupta-linked Trillian invoiced Eskom R419m without formal contract - amaBhungane

It has emerged that Minister Brown misled Parliament about the nature of the working relationship between Eskom and Trillian.

Damning allegations against Molefe and Ngubane's involvement in Optimum "heist"

Damning allegations against Molefe and Ngubane's involvement in Optimum "heist"

AmaBhungane has revealed new evidence that Brian Molefe helped the Guptas in a bid to buy a mine.

AmaBhungane: Former mining minister reveals "hijacking" of Optimum Mine

AmaBhungane: Former mining minister reveals "hijacking" of Optimum Mine

AmaBhungane had an exclusive interview with former mining minister Ngoako Ramatlhodi about how Guptas got Optimum mine.

Popular articles
Meet Outa's Wayne Duvenage; fighting etolls, Eskom (and others) on our behalf

Meet Outa's Wayne Duvenage; fighting etolls, Eskom (and others) on our behalf

Ray White interviews Wayne Duvenage, Chairperson at the Organisation Undoing Tax Abuse (OUTA).

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

How did Ngebulana build his empire? The Money Show’s Bruce Whitfield interviewed him for his weekly “ShapeShifter” feature.

William Kentridge (world-renowned South African artist) opens up about money

William Kentridge (world-renowned South African artist) opens up about money

Bruce Whitfield interviews one of our most beloved artists of all time about his money hopes, fears, successes, failures, etc.

5 advantages of leasing instead of owning a car (lower monthly payments!)

5 advantages of leasing instead of owning a car (lower monthly payments!)

Want (or need) a new car? Dale Scorer (a wealth manager at AlphaWealth) reckons you should consider leasing.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?

The world’s richest doctor (worth R150bn) was born and raised in South Africa

The world’s richest doctor (worth R150bn) was born and raised in South Africa

Patrick Soon-Shiong, son of Chinese immigrants to SA, is the world’s richest doctor and the wealthiest resident of Los Angeles.