JOHANNESBURG - The Eskom board on Friday welcomed the court judgment compelling consultancy firm Trillian Capital to pay back R600 million it illegally received from the struggling power utility.
The North Gauteng High Court on Tuesday ordered Trillian Capital, which was linked to the Gupta family, to pay back all the moneys they received from Eskom between August 2016 and February 2017 in the absence of valid contracts and, in some cases, where no work was done.
In a judgment by judges Selby Baqwa, Moara Tsoka and Dawie Fourie, the court said there was no legal or factual basis for Eskom to pay Trillian R595,228, 913.29 in consultancy fees.
The amount close to R600 million is due, together with interest calculated from the day of judgment, to the date of payment. Trillian is further required to pay for the costs of the application including costs of three counsel.
Last year, Eskom sued both Trillian and McKinsey for the repayment of almost R1.6 billion alleged to have been unlawfully paid to the firms.