More heads roll at Eskom over Gupta links: report

Eskom has reportedly suspended three more executives with links to capital management group Trilliant, according to EWN.

The power utility said that the executives were suspended for their involvement in paying a Gupta-linked company, Trillian, millions for contracts, and for moving ahead with contracts with consultancy, McKinsey, despite internal and external warnings not to do so.

Over the past weekend, acting Eskom chair Zethembe Khoza confirmed that CFO Anoj Singh, who was on special leave, had been suspended, and that he, and former acting CEO Matshela Koko would face a ‘fair’ disciplinary process.

Singh was placed on leave in July after he was linked to a series of questionable deals involving the Gupta family, who are friends with president Jacob Zuma.

Koko was suspended pending an investigation into contracts awarded to a company where his stepdaughter was a director. He denied wrongdoing.

The executives are facing repercussions for a number of dodgy dealings involving the Gupta-linked Trillian, which has been accused of being a front company for McKinsey to secure contracts worth billions of rands.

Former Trillian CEO, Bianca Goodson blew the whistle on the company’s relationship with Eskom and McKinsey in an explosive submission on the Platform for the Protection of Whistle-blowers in Africa (Pplaaf), made public at the end of September.

Trillian has denied the allegations made by Goodson.

The group, which has ties to the Gupta family, has received hundreds of millions of rands from Eskom for work it never did. Separately, irregular payments were also made by McKinsey to Trillian related to a R1.6 billion contract with Eskom.

The contracts are currently under investigation by authorities. The company disclosed R3 billion in irregular expenditure in its financial results on July 20, a figure which its auditors said they couldn’t independently confirm.

Public Enterprises Minister Lynne Brown has instructed Eskom to take legal action against Trillian and McKinsey.


Read: Eskom instructed to begin legal action against McKinsey

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More heads roll at Eskom over Gupta links: report