State capture commission chair recommends the power utility recoup stolen monies from former Gupta acolytes
Former Eskom group executive Matshela Koko, left, and former CEO Brian Molefe. Pictures: VELI NHLAPO and TREVOR SAMSON
hiring the consultancy trio of firms McKinsey-Regiments-Trillian for R1.6bn to design an 'internal consulting unit';optimise the utility’s “balance sheet” to unlock cash and assist with “unlocking funding sources” to improve its financial position. He recommended the NPA consider the criminal prosecution of Koko and those executives implicated in the contract for their possible violation of the Public Financial Management Act in regards to the contract.
“The SteerCo [steering committee] presentation also placed Koko at some of the finance-related matters that were specifically assigned to Regiments Capital, and later Trillian Capital, in respect of the MSA. “Singh, Molefe and Koko were all central to the origin and furtherance of a scheme at Eskom, designed to exploit Eskom and benefit Trillian.”
He said Koko provided confidential information on Eskom’s negotiation position on the MSA to 'Business Man”, the alias of Essa and took instructions from external parties on additional items to be included under the scope of the MSA, so that the extent of contracting work would be expanded.
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