30th March 2023
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Trinity Energy downplays The Sentry corruption report

Author: Staff Writter | Published: Wednesday, February 22, 2023

Trinity Energy Limited Logo. (Courtesy).

Trinity Energy has described as defamatory, The Sentry report uncovering its alleged deals in South Sudan’s oil-backed loan, saying it contains significant and defamatory allegations against the organization and its subsidiaries.

The organization owns a stretch of companies ranging from fuel refilling stations to media organizations among others in the country.

On Tuesday February 21, The Sentry uncovered red flags for illicit business practices, including bribery, tax evasion, and trade-based money laundering amounting to millions of dollars.

The new investigation report by Sentry comes out after a three-year investigations into a loan deal between a local company and a regional bank, with the banking of the South Sudan government.

The Sentry’s report also revealed that the arrangements between Trinity Energy, Afreximbank, and the government of South Sudan were contrary to the laws of the country.

The government has dismissed the report as a smear campaign seeking regime change.

Meanwhile, Trinity Energy management issued a press statement on Wednesday, denying that it has broken any law while operating in South Sudan.

“Our attention has been drawn to the above report by The Sentry which unfortunately contains significant and defamatory allegations against our organization relating to activities from over four years ago,” the statement reads.

Trinity Energy said it reassures the public and all stakeholders that it remains committed to offering customers a world-class energy solutions.

The organization further said it affirms commitment to the future of South Sudan, and to help build structures for the economic and social stability of the country through an efficient and affordable supply of fuel.

Finally, Trinity Energy says its legal teams are working to determine an appropriate cause of action against the report.

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