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Gupta-Linked Consultancy Firm Trillian Ordered To Pay Eskom R600m

Eskom 1 e1550474613695 - Gupta-Linked Consultancy Firm Trillian Ordered To Pay Eskom R600m

Gutpa-linked global consultancy firm Trillian capital has been ordered to pay Eskom R600 million.

In March last year, the power utility sued both Trillian and McKinsey for the repayment of almost R1.6 billion allegedly unlawfully paid to them as a result of an invalid deal involving corruption and fraud.

McKinsey has since paid back the R1 billion it received from Eskom, but Trillian vehemently opposed the application, claiming it was McKinsey’s local partner and sub-contractor, and was never involved in any corruption.

It also argued that it deserved to keep the full R600 million for the work they did.

The Pretoria High Court has declared as unlawful and invalid decisions by Eskom officials that resulted in the power utility paying Trillian Capital R600 million.

The consultancy firm has now been ordered to pay back the money with interest, calculated from the date of the judgment to the date of payment.

The court said the order for the payment was the only effective remedy that was just and added it would strengthen the rule of law.

The company was also ordered to pay costs of the application.

EWN

The post Gupta-Linked Consultancy Firm Trillian Ordered To Pay Eskom R600m appeared first on iAfrica.com.

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