Queensland-based funds management group Trinity Limited has given Sunsuper a clean bill of health on allegations that money paid to a Queensland lobbyist related to an investment by the superannuation fund in the Trinity Property Trust.
Trinity’s chairman, Brett Heading, not only cleared Sunsuper of any involvement but apologised to the fund, its board and its members for “the unnecessary distress and embarrassment brought about by this matter”.
His Australian Securities Exchange announcement came after the findings of a forensic examination carried out by Deloitte Touche Tohmatsu into a $1 million payment made by Trinity to the lobbying firm Veritate Pty Ltd.
Heading said the forensic examination had also determined that there had been no involvement by current Trinity officers and staff in relation to the arrangement negotiated with Veritate.
He said Trinity had engaged senior legal counsel to advise on legal action in relation to the $1 million payment.
