https://newsletter.po.creamermedia.com
Deepening Democracy through Access to Information
Home / News / South African News RSS ← Back
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Article Enquiry

Explosive Trillian report hints at massive State capture


Close

Explosive Trillian report hints at massive State capture

Should you have feedback on this article, please complete the fields below.

Please indicate if your feedback is in the form of a letter to the editor that you wish to have published. If so, please be aware that we require that you keep your feedback to below 300 words and we will consider its publication online or in Creamer Media’s print publications, at Creamer Media’s discretion.

We also welcome factual corrections and tip-offs and will protect the identity of our sources, please indicate if this is your wish in your feedback below.


Close

Embed Video

Explosive Trillian report hints at massive State capture

Explosive Trillian report hints at massive State capture

29th June 2017

By: News24Wire

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

Advocate Geoff Budlender's report into the investigation of Gupta-linked company Trillian Capital has revealed shocking instances of corruption.

Outgoing Trillian chair Tokyo Sexwale discussed the report with reporters on Thursday afternoon, and called for the report to be included in a judicial inquisition. He said this was his last day at Trillian and he was resigning after the press conference.

Advertisement

Budlender criticised Trillian's lack of cooperation with his probe. He said the conduct of Trillian management in the inquiry had left him with the impression that what it says cannot be trusted.

“They have obstructed this investigation. The question is why they have done so,” he asked in the report.

Advertisement

Budlender said the investigation is still incomplete, and more work needs to be done to highlight the full extent of the corruption at Trillian.

Sexwale appealed to reporters not to blame the staff.

“They are innocent. They are good people,” he said.

Sexwale singled out 60% shareholder Salim Essa for many of Trillian’s corruption problems. He said Essa, the majority shareholder of Trillian, has refused to meet him.

Tokyo lashed out at the Gupta family and said they have destroyed the African National Congress.

“This corruption of state capture related to a particular family. It is destroying my organisation," Sexwale said.

Budlender's investigation also probed allegations that Trillian was going to benefit from state contracts under former finance minister Des van Rooyen. The explosive report details other situations that have been in the public domain related to alleged State capture.

EMAIL THIS ARTICLE      SAVE THIS ARTICLE      FEEDBACK

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here


About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Email Registration Success

Thank you, you have successfully subscribed to one or more of Creamer Media’s email newsletters. You should start receiving the email newsletters in due course.

Our email newsletters may land in your junk or spam folder. To prevent this, kindly add newsletters@creamermedia.co.za to your address book or safe sender list. If you experience any issues with the receipt of our email newsletters, please email subscriptions@creamermedia.co.za