Eskom deadline to explain Trillian relationship to minister almost up

Eskom has until the end of business on Thursday to hand over a report to Public Enterprises Minister Lynne Brown to explain its relationship with Gupta-linked Trillian.

Eskom had claimed that payments of R1.6 billion to Trillian and consultancy firm McKinsey were above board but then told the Business Day that a New York based firm had, in fact, red flagged these transactions and recommended a legal review of the contracting process.

READ: Thursday is D-Day for Eskom board to provide Lynne Brown with Trillion answers

Eusebius McKaiser spoke to Sikhonathi Mantshansha, Deputy Editor at Financial Mail.

The Organisation Undoing Tax Abuse (Outa) has laid charges of corruption and financial misconduct against the parastatal's suspended Chief Financial Officer, Anoj Singh.

Mantshansha says the prospects of an arrest and prosecution are unlikely.

If you are asking the Hawks to arrest and prosecute Anoj Singh, your are basically asking for too much.... in fact in this case and others, there is not much to investigate. There is all the evidence right in front of him. It just needs a prosecutor to bring him before a court, say these are your charges and this is what you have done, please tell us if you are not guilty.

Sikhonathi Mantshansha,Deputy Editor at Financial Mail

Eskom's legal department head, Suzanne Daniels admitted on Monday that the power utility had lied about receiving the all clear from global consultancy Oliver Wyman over payments to the Gupta-linked Trillian firm.

ALSO READ: Eskom admits lying about Trillian and McKinsey payments

Mantshantsa explains.

After it became clear that Eskom] could not sustain the lie that they had not been paying a cent to Trillian, the chief financial officer's office went to international management consulting firm Oliver Wyman, says Mantshantsha.

Oliver Wyman took one look at it and said you actually have no contract with these guys, there is no legal basis upon which you are paying them please stop and report this to the authorities.

Sikhonathi Mantshansha,Deputy Editor at Financial Mail

Click on the link below to listen to the full audio...


Recommended

by NEWSROOM AI
Read More
Key steps to building an effective performance management process

Key steps to building an effective performance management process

It's not an event or a punitive process used exclusively for promotions, dismissal or bonuses, explains HR guru Renee Kruger.

The weed debate continues

The weed debate continues

Callers on the Eusebius McKaiser Show discuss the ConCourt's ruling to decriminalize dagga.

Minister Lynn Brown claims no knowledge Eskom lied about Trillian

Minister Lynn Brown claims no knowledge Eskom lied about Trillian

It emerged on Monday that Eskom lied when it said that the more than R1 billion it paid to Trillon was above board.

Thursday is D-Day for Eskom board to provide Lynne Brown with Trillion answers

Thursday is D-Day for Eskom board to provide Lynne Brown with Trillion answers

Eskom admits to lying that consulting firm Oliver Wyman found payments of R1.6 billion to Trillian and McKinsey were legit.

Eskom admits lying about Trillian and McKinsey payments

Eskom admits lying about Trillian and McKinsey payments

Business Day reports that Eskom said in June that a New York-based firm found the payments of R1.6 billion to be above board.

 Eskom probe recommends fraud and money laundering charges against Trillian

Eskom probe recommends fraud and money laundering charges against Trillian

Sikhonathi Mantshantsha, Financial Mail deputy editor and Khulu Phasiwe, Eskom Spokesperson breaks down Eskom probe.

Popular articles
Hits from the bong (it’s legal!)… then off to work I go?

Hits from the bong (it’s legal!)… then off to work I go?

The consequences of consuming dagga at home and showing up at the office high. Bruce Whitfield interviews a labour lawyer.

Tax ombud to probe Sars – yet again - after taxpayers complain

Tax ombud to probe Sars – yet again - after taxpayers complain

The Money Show’s Bruce Whitfield interviews Adv. Eric Mkhawane, CEO at the Office of the Tax Ombud.

[LISTEN] 'Lesufi has been attacking Afrikaans schools since 2014'

[LISTEN] 'Lesufi has been attacking Afrikaans schools since 2014'

The Freedom Front Plus says the Gauteng Education MEC has flouted school language policies and is destroying Afrikaans.

'We can barely enforce tobacco legislation, how will we to deal with dagga?'

'We can barely enforce tobacco legislation, how will we to deal with dagga?'

International law enforcement expert and former Drug Unit Commander Lobo das Neves says ruling opens a different can of worms.

Comair reports record earnings, 72nd profitable year in a row – a world record!

Comair reports record earnings, 72nd profitable year in a row – a world record!

Recession, soaring fuel costs and surplus capacity - yet profits keep coming! Bruce Whitfield interviews Comair CEO Erik Venter.