https://www.engineeringnews.co.za

Sexwale appoints advocate to investigate possible corruption allegely involving Trillian

4th November 2016

By: Anine Kilian

Contributing Editor Online

  

Font size: - +

Advisory group Trillian Capital Partners has appointed Advocate Geoff Budlender to lead an inquiry into the company regarding allegations of corruption, announced nonexecutive chairperson Tokyo Sexwale on Friday.

This follows a Sunday Times article published last week alleging that a member or members of Trillian had pre-knowledge that President Jacob Zuma would replace former Finance Minister Nhlanhla Nene with current Cooperative Governance and Traditional Affairs Minister Des van Rooyen in December last year.

Speaking at a press conference at Trillian’s offices in Melrose Arch, Johannesburg, Sexwale noted that Budlender had “leeway to deal with these matters and [was] free to work with any of the country's law enforcement agencies, including the Public Protector.”

He added that Budlender would investigate whether members of the Gupta family had ownership in the company and would also look at whether Trillian CEO Eric Wood had prior knowledge of the dismissal and appointment of Nene.

“He will also be investigating corporate governance within Trillian and related parties and find out if any of the country’s laws have been violated,” said Sexwale,  adding that corruption was “threatening the body and soul of this country and should not be allowed to corrode the fabric of society”.

“We should all be seen to be resolute in fighting the scourge,” he concluded.

Edited by Samantha Herbst
Creamer Media Deputy Editor

Comments

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
Updated 5 hours ago By: Martin Creamer
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.073 0.128s - 137pq - 2rq
Subscribe Now