The mystery of the millions of rand siphoned from the account of fishing group Premier Fishing took a new turn on Thursday, when the company’s majority shareholder, African Equity Empowerment Investments (AEEI), said it was fraud and not a cyberattack that led to the money being stolen, as initially told to the market.

AEEI, which owns a controlling stake of 56.23% in Premier Fishing, said on Monday that the fishing group fell victim to a cyberattack in November, which saw $820,000 (R15.5m) transferred from its bank account to “an unknown third party”...

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