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Trillian blocked probe on Nene removal warning - report

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Former finance minister Nhlanhla Nene. (Bloomberg)
Former finance minister Nhlanhla Nene. (Bloomberg)

Johannesburg - Trillian Capital, the financial-services company linked to the Guptas, stonewalled an investigation into whether its management had advance warning about Nhlanhla Nene’s firing as finance minister in 2015, according to a report on the probe.

Trillian Capital refused access to electronic devices used by CEO Eric Wood, which could help either support or disprove allegations by a former senior employee that Wood told her Nene would be replaced more than a month before it happened, advocate Geoff Budlender said in the report, which was commissioned by outgoing Trillian chairperson Tokyo Sexwale. Wood has disputed the allegations and denied any wrongdoing.

“The conduct of Trillian management in this inquiry has left me with the impression that what it says cannot be trusted,” Budlender said in the report. “It is not possible to make a definitive finding of fact on the issue.”

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