Murray Munro has been censured by the JSE and faces a R6m fine for his role in misrepresenting the company’s financials between 2011 and 2018. Moneyweb Tongaat comanynews
Murray Munro, the former CFO of accounting-scandal-hit sugar and property group Tongaat Hulett, has been censured by the JSE and faces a R6 million fine for his role in misrepresenting the company’s financials between 2011 and 2018. The JSE has also prohibited Munro from being a director of a listed company for a period of 10 years, according to a Sens announcement released after the market closed on Tuesday.
Damning Tongaat Hulett forensic report fingers ex-executives, including Peter Staude [Nov 2019] “Pursuant to the JSE’s investigation into the conduct of certain individuals that presided at the company during the periods in question, the JSE has concluded its investigation against Mr Munro in his capacity as the CFO of Tongaat at the time,” it noted.
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