Business In The News South Africa

Trillian whistleblower says Eskom’s Singh paid R30.6 million for no reason

PARLIAMENT, November 3 – A whistleblower on Friday told the parliamentary inquiry into Eskom the power utility settled a fraudulent invoice from Trillian for R30.6 million. Former Trillian Management Consulting (TMC) chief executive Bianca Goodson said she found her signature on a cover letter to the invoice that was sent to Anoj Singh, Eskom’s chief […]

Business In The News South Africa

Trillian raked in money for nothing, knew Nene and Gordhan would be fired, Eskom inquiry hears

PARLIAMENT, October 31 – A former top executive of Trillian Capital Partners on Tuesday confirmed that the company did work for Eskom to the tune of R600 million without any formal contract with the power utility after earning R93 million from Transnet for no services rendered. Mosilo Mothepu’s testimony before Parliament’s inquiry into state capture painted […]

Business In The News South Africa

Eskom wants Trillian, McKinsey to pay back funds “unlawfully paid” to them

JOHANNESBURG, October 6 – Power utility Eskom on Thursday said it sought consultancy firm McKinsey and Gupta-linked firm Trillian’s “cooperation” in returning the R1 billion and R564 million, respectively, paid to them “unlawfully” in 2016 and 2017. “The interim findings from Eskom investigations, into the circumstances surrounding payments made to both the companies, point to certain decisions by […]

In The News South Africa

Eskom suspends CFO Anoj Singh and takes disciplinary action against former CEO

JOHANNESBURG, September 29 – South Africa’s state-owned power utility Eskom said on Friday that it has suspended Anoj Singh, its chief financial officer implicated in irregular dealings with the politically-connected Gupta business empire, and taken disciplinary action against former acting chief executive, Matshela Koko. This comes after Public Enterprises Minister Lynne Brown gave Eskom a final […]