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Eskom to institute liquidation proceedings against Trillian


Eskom said it would institute liquidation proceedings against consultancy Trillian to recoup R600 million after a Supreme Court of Appeal ruling in its favour.

"Late February 2020 the Supreme Court of Appeal dismissed Trillian Management Consulting and Trillian Capital Partners’ application for leave to appeal the North Gauteng High Court’s judgement of 02 October 2019 in proceedings instituted by Eskom," the power utility said.

"Eskom will this month institute liquidation proceedings against Trillian Management Consulting and Trillian Capital Partners in the North Gauteng High Court."

The R600 million is part of R1.6 billion that Eskom paid in a contract entered into with McKinsey & Co, which in turn sub-contracted Trillian.  In 2018 McKinsey paid back more than R1 billion, including interest, to Eskom.

The North Gauteng High Court last year ordered Trillian, which had links to the controversial Gupta family, to pay back the money it had received from Eskom in the absence of valid contracts and, in some cases, where no work was done.

"This case is only one of the many in which Eskom’s management will attempt to recoup what is due to the people of South Africa.”

- African News Agency (ANA)