Six former senior employees of sugar producer Tongaat Hulett Limited (THL) and the company's former auditor, who have been implicated in a R1.5bn fraud case, were granted bail in the Durban specialised commercial crimes court on Thursday.
Bail has been granted to five of Tongaat’s former directors, including CEO Peter Staude, on more than 20 counts of fraud. A former Deloitte partner is also out on bail, and is accused of failing to report irregularities.
Six former senior employees of sugar producer Tongaat Hulett Ltd (THL) and the company's former auditor, who have been implicated in a R1.5bn fraud case, were granted bail in the Durban specialised commercial crimes court on Thursday.
Peter Staude, 68, Murray Munro, 55, Michael Deighton, 57, Rory