At least seven former senior officials of Tongaat Hulett are set to appear in the Durban specialised commercial crimes court on Thursday in a huge fraud and corruption case.
Sources close to the investigation confirmed the officials were arrested on Wednesday.
Last month the JSE-listed sugar producer said it was claiming R450m against former directors and executives implicated in the group’s accounting scandal, including former CEO Peter Staude.
This followed a damning 2019 PwC forensic investigation which found some senior executives at Tongaat had allegedly been part of inflating the group’s profits.
This is a developing story.
TimesLIVE
Former Tongaat Hulett executives set to appear in commercial crime court
Image: Supplied
At least seven former senior officials of Tongaat Hulett are set to appear in the Durban specialised commercial crimes court on Thursday in a huge fraud and corruption case.
Sources close to the investigation confirmed the officials were arrested on Wednesday.
Last month the JSE-listed sugar producer said it was claiming R450m against former directors and executives implicated in the group’s accounting scandal, including former CEO Peter Staude.
This followed a damning 2019 PwC forensic investigation which found some senior executives at Tongaat had allegedly been part of inflating the group’s profits.
This is a developing story.
TimesLIVE
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