Eskom state capture: McKinsey, Gupta pals Eric Wood, Salim Essa and ‘financial targets’ #Zondo
The Guptas stood to benefit from a R500m deal at Eskom, allegedly to implement initiatives that would improve the SOE’s liquidity.
The Guptas stood to benefit from a R500m deal at Eskom, allegedly to implement initiatives that would improve the SOE’s liquidity.
This information suggests that Eric Wood is one of the key masterminds behind the state capture strategy that consumed Zuma and his political allies.
Eric Wood’s financial links with the Zuma and Gupta families appear to run much deeper, though, than irregular trading, according to the OCCRP.
Ryk de Klerk probes the possibility that insider trading had taken place during Nenegate and how the perpetrators could have managed to avoid detection.
Pensioner funds at Transnet were used by the Gupta-linked Regiments Capital in 2015 to fund insider trading – based on the predicted firing of Finance Minister Nhlanhla Nene.
Eric Wood, who calls himself South Africa’s greatest trader, is fighting to keep money that his company, Trillian, siphoned out of Eskom together with consultancy McKinsey.
Behind-the-scenes, a large backstage crew helped the Gupta and Zuma families and friends suck billions of rands out of state-owned entities.
Eric Wood, the Gupta ally in the middle of the Trillian Capital Partners scandal, is feeling the sharp end of this reality as his actions get exposed in court.