×

We've got news for you.

Register on SowetanLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Former Tongaat Hulett executives set to appear in commercial crime court

Orrin Singh Reporter
Tongaat Hulett former senior executives and managers are expected to appear in court on corruption charges on Thursday
Tongaat Hulett former senior executives and managers are expected to appear in court on corruption charges on Thursday
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


Would you like to comment on this article or view other readers' comments? Register (it’s quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.