Inquiry into Trillian boss reaches impasse
Stalemate over provision of documents leads Tokyo Sexwale to say he will resign as chairman and await a judicial investigation into state capture
Trillian chairman Tokyo Sexwale has thrown in the towel on the investigation into the company’s CE, Eric Wood, following Wood’s refusal to hand over further documents to the head of the independent investigation, Geoff Budlender. The investigation followed allegations that Wood had prior knowledge of the December 2015 firing of then finance minister Nhlanhla Nene and that he and others were engaged in an attempt to capture the Treasury together with business associates, the Guptas. There are countless other accusations of fraud and corruption against Trillian, including that the company billed Transnet and Eskom for fictitious projects. A portion of the proceeds of these contracts is believed to have provided Gupta-owned Tegeta with the funds to purchase Optimum mine.
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