Former Tongaat execs, ex-CEO now face racketeering charges in R3.5bn fraud case | Fin24 - News24

Former Tongaat Hulett executives, including former CEO Peter Staude, are now facing charges of racketeering, which can attract a sentence of life imprisonment or a fine not exceeding R1 billion.

Former Tongaat Hulett executives are now facing charges of racketeering relating to the alleged R3.5 billion scam in which they are said to have misrepresented land sales on the sugar giant's annual … [+500 chars]

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