McKinsey repayment does not let them off the hook
The DA notes reports that the international consultancy firm McKinsey & Company has repaid Eskom R902 million in connection to dubious consulting fees linked to Gupta-owned Trillian Capital Partners.
Had the DA not caught Eskom out in a lie by submitting a Parliamentary question to the Minister of Public Enterprises, Lynne Brown, regarding the relationship between Eskom, McKinsey and Trillian, neither Eskom nor McKinsey would have come clean and the money would not have been repaid.
While McKinsey has apologised, they maintain that they did not engage in any corrupt activities. The DA simply cannot accept this half-hearted apology. The mere fact that they have repaid the money should be viewed as an admission of guilt.
In September 2017, the DA laid charges (Case Number: CAS 1156/9/2017) of fraud, racketeering and collusion against McKinsey in terms of Section 21 of the Prevention and Combatting of Corrupt Activities Act (Act 12 of 2004).
McKinsey allegedly ignored red flags from senior South African staff members that deals between Trillian, Eskom and other Gupta-linked companies were not above board. McKinsey seems to have ignored these warnings as the profits were far too lucrative for McKinsey to pass up.