Former Tongaat executives’ R3.5bn fraud case moves to high court 🔒
Former Tongaat Hulett officials at their bail application. Picture: SANDILE NDLOVU
“They were served with an indictment,” NPA regional spokesperson Natasha Ramkisson-Kara said. An indictment is a detailed account of the charges and the events of the crime. “The matter was adjourned to the 15th of September for their first appearance in the high court.” By inflating the company’s profits, they allegedly scored millions of rand in productivity bonuses based on the fraudulent sales, with Staude alone raking in R94m by cooking the books, according to the probe.
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