![]() In round two, when Daily Maverick asked how Sexwale had missed highly damaging media reports by the Sunday Times and amaBhungane about the various scandals that engulfed Trillian and Essa, the response from his office was slightly more terse. His pay, Sexwale said, was totally above board and market related for “a businessman of his stature”.Īs for repayment of the Trillian fees he earned, Sexwale said he would be guided by legal instruction from a court of law. In an initial response to questions, Sexwale said he joined Trillian in April 2016 because there had been no negative publicity or scandals surrounding the company. The National Prosecuting Authority (NPA), the South African Revenue Service (SARS), Eskom, Transnet and one of its pension funds are all trying to claw back or preserve a slice of an insolvent Trillian pie.Īnd multiple investigations have deemed the overwhelming bulk of Trillian’s income to have emanated from the tainted Eskom deal that resulted in McKinsey paying back more than R1-billion.ĭaily Maverick asked Sexwale, in view of all that has happened with this company, if he would repay the fees he earned from Trillian. ![]() Sandwiched between former Public Enterprises director-general Richard Seleke and former Transnet/Eskom CFO Anoj Singh, the authors list Tokyo Sexwale at number 87 the reason: “Exorbitant payments from Trillian as Chairman – R500K per month.” On Monday Octo, it emerged that 20 civil society organisations had, in an open letter to the State Capture Commission chairman, Deputy Chief Justice Raymond Zondo, asked that Sexwale be among crucial witnesses who must be called to testify. While he has really been able to highlight this move in his defence, it is becoming clear that there are more questions than answers about it. It was a week after that cracker article by amaBhungane, when on 23 October 2016 the Sunday Times published an article titled “The Dark Heart of State Capture ”, that Sexwale initiated the Budlender investigation. In October 2016, amaBhungane : “Gordhan blows whistle on Guptas’ R6.8bn ‘suspicious and unusual payments’” is published in Daily Maverick.The Mail & Guardian refers to a battle between Trillian co-owner Wood and his former partners at Regiments Capital.September 2016: The Mail & Guardian publishes an article, again referring to Trillian, headlined “How to eat a parastatal chunk by chunk”.August 2016: amaBhungane, published by the Sunday Times, reveals an extremely damning exposé that links Trillian to a R167-million Transnet bonanza.Also in May 2016, the Sunday Times flags the cession of Transnet contracts from Regiments to Salim Essa’s Trillian.In May 2016, a Denel VR Laser joint venture is exposed as having been pulled off without approval and is ordered to be scrapped by the then finance minister, Pravin Gordhan.Trillian’s major shareholder, Essa, is deeply affected. Starting in February 2016, several major banks confirm that they’re closing accounts linked to the Guptas.In March 2016, amaBhungane publishes an article titled “The ‘Gupta-owned’ state enterprises”, and it flags Salim Essa, Trillian’s majority shareholder.AmaBhungane publishes an article about VR Laser that names Trillian’s major shareholder, Gupta kingpin Salim Essa.These are the 10 red flags that erupted or existed around Trillian when Sexwale signed up: He publicly resigned on the day the Budlender findings were released in mid-2017.īut boarding that Trillian ship has left Sexwale with major seasickness and it is not hard to understand why.
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