×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now
Former Tongaat Hulett officials at their bail application. Picture: Sandile Ndlovu
Former Tongaat Hulett officials at their bail application. Picture: Sandile Ndlovu

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

Sources close to the investigation confirmed the officials were arrested on Wednesday.

In January, the JSE-listed sugar producer said it was claiming R450m against former directors and executives implicated in the group’s accounting scandal, including former CEO Peter Staude.

This followed a damning 2019 PwC forensic investigation that found some senior executives at Tongaat had allegedly been part of inflating the group’s profits.

This is a developing story.

Companies in this Story

subscribe

Would you like to comment on this article or view other readers' comments?
Register (it’s quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.