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...


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