Eskom’s Dubai club of executives have joined the ranks of the unemployed, whistle-blower Suzanne Daniels has been fired and McKinsey & Co has returned nearly R1-billion it received from a tainted deal with the state-owned power utility. Yet Trillian Capital Partners, the company at the centre.
The Zondo Commission wants law enforcement to continue investigations into ‘rampant corruption’ identified in the awarding of deals to global consulting firm McKinsey & Co and the Gupta-linked Trillian Capital Partners.
Regiments Capital came out guns blazing in its opposition to the National Prosecuting Authority’s appeal against an order that crushed the State’s efforts to restrain more than R1bn in assets as the ‘proceeds of crime’. Regiments Capital came out guns blazing in its opposition to the Na.
This is a substantial hike from its previous estimate of R650m.
McKinsey worked alongside Gupta-linked Regiments Capital at Transnet.
The US consulting giant McKinsey & Co has agreed to pay back R870 million for consulting work it did at Transnet alongside the Gupta-controlled Regiments Capital.
The amount announced by McKinsey and Transnet in a joint statement on Tuesday is much larger than the R650 million put forward last year.
In December, the Zondo commission into state capture announced that the US company has agreed to pay back R650 million to Transnet and SAA for work it did on consulting contracts.