R136m syphoned out of Daybreak Farms
MONEYWEB app instead? Scheme involved senior management, including suspended CEO and acting CFO. 11:50 Daybreak is one of SAâs leading poultry producers, processing 1.4m birds a week. Its owners include the UIF and the GEPF. Image: Shutterstock A forensic investigation into allegations of misconduct against suspended Daybreak Farms CEO Boas Seruwe has uncovered how he and other senior managers at the company were involved in a network of companies to siphon off millions of rands out of Daybreakâs accounts. The details of the scheme are contained in a 430-page forensic investig...
Source: moneyweb.co.za