Accused Tongaat execs in court over R3.5 billion fraud charges
Those accused of artificially sweetening the books of the sugar producer made their first appearance in the Durban High Court on Thursday, with the matter postponed to 17 February 2023.
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Those accused of artificially sweetening the books of the sugar producer made their first appearance in the Durban High Court on Thursday, with the matter postponed to 17 February 2023.
Six former Tongaat Hulett executives and an auditor accused of fraud made their first appearance in the Durban High Court on Thursday.
JSE-listed Tongaat Hulett this week outlined its plans to loosen the more than R6bn debt chokehold it is in, including possible equity capital injections from strategic partners or the sale of some or all of its operations elsewhere in Africa.
Tongaat Hulett is trying to recoup R76 million from former head of property development Mike Deighton
Seven former Tongaat Hulett executives are returning to court on Monday to face charges in a multi-billion-rand fraud case.