Eskom wants McKinsey and Trillian to pay back the money

Date: 06 Oct 2017

The power utility says it is seeking to recover R1,5 billion ‘unlawfully’ paid to the companies since last year.

Eskom has on Thursday, written letters to global consultancy firm Mckinsey and the Gupta-linked advisory group Trillian to pay back more than R1,5 billion paid out by the power utility to these companies between 2016 and 2017.

This comes after interim findings from Eskom’s investigations revealed that the payments were unlawful.

The power utility has in the past, lied and said its payment to Trillian was above board.

A number of Eskom senior officials have been suspended or fired since the Gupta emails leaked. The emails also revealed that the funds paid to the two companies were unlawful.

On Thursday Eskom released a statement and said it seeks cooperation from the two companies in returning the funds.

“The interim findings from Eskom investigations, into the circumstances surrounding payments made to both the companies, point to certain decisions by Eskom, and resultant payments, as being unlawful, Eskom is obliged, pursuant to its statutory and common law duties, including the PFMA (Public Finance Management Act) and the Companies Act, to seek to set aside these unlawful decisions and to have all the money unlawfully paid out returned.

“Accordingly, Eskom wrote to each explaining the action it would take and requesting their cooperation in the matter. Being such a critical entity, which is inextricably tied to the nation’s economy, it is in the public interest to do everything we can as Eskom to claw back all the fees which were unlawfully paid, while expediting the disciplinary processes currently underway.”

By Citizen reporter -

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