Trillian’s bid to grab the Carlton Hotel
Newly obtained e-mails show how Transnet was happy to hand control of its property empire – including the Carlton Hotel – to Trillian, for little apparent benefit to itself
16 July 2020 - 05:00
Gupta-linked investment firm Trillian Asset Management charged Transnet R46m for "property management services" it never delivered. This has emerged from thousands of internal e-mails, obtained by the Organised Crime & Corruption Reporting Project (OCCRP), that reveal how Trillian planned to shift state properties into private entities under its control — an idea it hoped to replicate at Eskom too.
Even though Transnet never officially approved the plan, and experts warned it was illegal, the rail utility began paying out millions to Trillian nevertheless...
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