'McKinsey and Trillian have to respond to Eskom by close of business today'

Eskom has taken steps to recover the money from both McKinsey and Trillian Capital after interim investigations showed that the payments were illegal.

About R1.5 billion was paid unlawfully to McKinsey and Trillian in 2016.

The power utility has warned that if the money is not reimbursed by Tuesday, McKinsey and Trillian may face legal charges.

Deputy editor at the Financial Mail Sikonathi Mantshantsha says it is crucial for the consulting firms to respond as requested.

Whatever way they respond they have to respond unless Eskom says, we were just kidding.

Sikonathi Mantshantsha, Deputy editor at Financial Mail

By the close of business today, they have to have McKinsey and Trillian either inform Eskom how they will pay back the R 1.6 billion or tell them to go to hell.

Sikonathi Mantshantsha, Deputy editor at Financial Mail

The charges against the implicated firms may include theft, fraud, and corruption.

Senior investigative journalist at the Sunday Times, Sabelo Skiti says he expects the matter to go to court and suspects Eskom's role in the saga will be brought to light.

It's been very clear they feel like they don't have to pay any money. It then gives us good fodder when we go through those court applications and affidavits which will detail the types of conversations that were going on at Eskom.

Sabelo Skiti, Senior Investigative Journalist at the Sunday Times

I am expecting to see some very very big confessions from Eskom.

Sabelo Skiti, Senior Investigative Journalist at the Sunday Times

Click on the link below to listen to the full audio....


This article first appeared on 702 : 'McKinsey and Trillian have to respond to Eskom by close of business today'


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