Trillian Paid Millions For Work That Could’ve Been Done By Transnet

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The state capture commission of inquiry has heard how Transnet paid consultancy firms tens of millions of rands for work that could have been performed internally.

These were among the submissions from acting group chief executive Mohammed Mahomedy at the hearings in Parktown on Wednesday.

Mahomedy described how contracts worth billions of rands were irregular and bypassed procurement procedures.

Mahomedy said Trillian Capital Partners was hired to facilitate syndication of banks to lend Transnet money.

“For which Trillian charged us, including VAT, approximately R93.5 million.”

“For what?” Deputy Chief Justice Raymond Zondo asked.

Mahomedy responded: “That’s exactly the question we asked because the Treasury team at Transnet had the capability to execute all of the transactions and we could not understand why.”

Transnet was not the only company to have significant dealings with the Gupta-linked company.

Power producer Eskom was trying to recover R600 million from Trillian which Eskom alleged the company was paid unlawfully.

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EWN

The post Trillian Paid Millions For Work That Could’ve Been Done By Transnet appeared first on iAfrica.com.

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