Tongaat wants R76m back from ex-property boss, including for losses from 'dodgy' deals
Tongaat Hulett is trying to recoup R76 million from former head of property development Mike Deighton
Source: news24.com
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Analysts hail prosecutions in Tongaat Hulett scandal
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.
Source: timeslive.co.za