Frustrated Tokyo Sexwale exits Trillian, slams Guptas for destroying the ANC

Tokyo Sexwale

JOHANNESBURG — Trillian Capital’s management largely fobbed off a probe by Advocate Geoff Budlender into allegations of involvement and knowledge of state capture at the company. Budlender has hit out at Trillian management for their lack of cooperation in the probe, leaving him with the impression that they can’t be trusted. Meanwhile, Tokyo Sexwale, a former politician who quit Trillian after a press conference on Thursday, said more work needs to be done to investigate corruption at the company. In particular, Sexwale hit out at Gupta associate Salim Essa – who owns 60% of Trillian. Essa refused to even meet Sexwale, casting a further dark cloud over the company. Sexwale’s parting shot was that the Guptas have destroyed the ANC… – Gareth van Zyl

By Yolandi Groenewald, Fin24

Johannesburg – 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.

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.

Read more: Is Trillian CEO Eric Wood blocking investigation into #Zupta currency trading claims?

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.

President Zuma accompanied by Atul Gupta, Malusi Gigaba and Nazeem Howa.

Tokyo lashed out at the Gupta family and said they have destroyed the ANC.

“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.

Trillian Report on Scribd


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