Page 7 - Peter Staude News Today

At least seven former senior officials of Tongaat Hulett are set to appear in the Durban specialised commercial crimes court on Thursday in a massive fraud and corruption case.

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.

Bail has been granted to five of Tongaat’s former directors, including CEO Peter Staude, on more than 20 counts of fraud. A former Deloitte partner is also out on bail, and is accused of failing to report irregularities.

Six former senior employees of sugar producer Tongaat Hulett Ltd (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. Peter Staude, 68, Murray Munro, 55, Michael Deighton, 57, Rory

Tongaat Hulett shareholders also approved a massive rights issue, underwritten by a Zimbabwean family.

Defending the Constitution means leaving King Khoisan alone, and perhaps that Lindiwe Sisulu should #PayBackTheMoney.

‘Shareholders are now faced with a highly dilutory rights issue which is actually going to facilitate a change of control’: Opportune Investments founder Chris Logan.

Analyst David Woollam shares the grave details about the rise and fall of one of KZN’s most treasured businesses, Tongaat Hulett.

Former directors implicated in underhand practices as civil cases expected to begin in 2023