Page 3 - Murray Munro News Today

Review hearing of Takeover Regulation Panel exemption granted to the company took place last week.

With criminal prosecution of white collar corporate crime rare in SA, analysts took heart this week when six former executives of JSE-listed Tongaat Hulett and an external auditor appeared in court on charges of fraud totalling about R3.5bn.Those in court included former Tongaat CEO Peter Staude and former CFO Murray Munro who both face 24 charges that included fraud and racketeering, for allegedly manipulating the company's accounts over several years.

It’s not every day that a company welcomes criminal charges being brought against its former executives, but nothing about sugar producer Tongaat Hulett seems ordinary these days. It’s not every day that a company welcomes criminal charges being brought against its former executives, but no...

Former CEO Peter Staude is among seven accused who appeared in court on fraud charges.

Six Tongaat Hulett executives and a former audit partner at Deloitte were granted R30,000 bail after appearing in court.

Peter Straude and six others get bail over fraud that cost 8 000 workers their jobs.

Six former senior employees of sugar producer Tongaat Hulett Limited (THL) and the company's former auditor, who have been implicated in a R1.5bn fraud case, were granted bail in the Durban specialised commercial crimes court on Thursday.

Former Tongaat Hulett Limited management executives accused of fraud have been released on R30 000 bail each.

Six former senior employees of sugar producer Tongaat Hulett Limited (THL) and the company's former auditor, who have been implicated in a R1.5bn fraud case, were granted bail in the Durban specialised commercial crimes court on Thursday.

Six former Tongaat Hulett managers and a Deloitte employee who are accused of fraud have been granted bail of R30 000 each.