Former Eskom chief financial officer Anoj Singh has told the Commission of Inquiry into Allegations of State Capture that consulting firm McKinsey & Company was paid R30.6 million for a corporate plan, before any contract was signed.
Singh said he was not aware that the contract between Eskom and McKinsey – which was signed on 4 May 2016 – had not been signed before payment was made a month earlier.
Singh said McKinsey needed to bring in a BEE partner and they brought in the Gupta-linked Regiments Capital.
“They [McKinsey] had engaged with Regiments and I think it was the intention to include the contract. During that period of the Regiments and Trillian transition, as I would put it, was occurring and the ultimate, eventual payment that was made … was made to Trillian.”
“The R30.6 million payment was made to Trillian in April 2016,” Singh said.
Singh also confirmed that he received the R30.6 million invoice from Trillian financial director Tebogo Leballo.
Singh said payment was made to McKinsey as the main contractor and Trillian as the subcontractor. He said Transnet and Eskom had a policy that enabled subcontractors to be paid directly in certain conditions.
These revelations echo that of whistleblower Bianca Goodson, a former Trillian Management Consulting (TMC) executive.
In 2017, she told a parliamentary inquiry into Eskom that the power utility had settled a fraudulent invoice from Trillian for R30.6 million. Goodson said she found her signature on a cover letter to the invoice that was sent to Singh.
She did not compile the invoice, nor did she write the cover letter, Goodson said.
She was adamant that there was no reason to remunerate TMC, an affiliate of Trillian Capital Partners, as it had only one other employee and no capacity to deliver on a big contract, yet the sum was paid to Trillian.