Tongaat Hulett fraud case headed to trial
The fraud case against several former Tongaat Hulett executives and an auditor is headed to trial.
Ex-CEO Peter Staude and executives Murray Munro, Michael Deighton, Rory Wilkinson, Kamasagrie Singh, Samantha Shukla, as well as Deloitte audit partner Gavin Kruger, made another appearance in the Durban Commercial Crimes Court on Monday morning.
They are accused of backdating land sale agreements between 2015 and 2018.
As a result, the company declared inflated profits, which allegedly saw the suspects pocketing huge bonuses.
The group is also accused of contravening the Financial Markets Act, the Companies Act and Prevention of Organised Crime Act.
"The matter was adjourned to the 15th of September 2022 for their first appearance in the High Court," says KZN NPA spokesperson Natasha Kara.
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