Suren Naidoo Former Delta Property Fund CEO Sandile Nomvete - Image: @PropertyWheel Delta Property Fund’s former CEO Sandile Nomvete, together with former CFO Shaneel Maharaj and COO Otis Tshabalala, have flatly refuted allegations of fraud or procurement irregularities during their tenure at the JSE-listed group. The trio, who left the group in August, issued a joint statement on Friday following Delta’s new board revealing in a further JSE Sens cautionary announcement earlier in the week the high-level findings of a forensic report that implicates senior executives. Instances of unsubstantiated payments, procurement irregularities and other unethical business dealings totalling some R46 million were highlighted. The board, chaired by Phumzile Langeni, first alerted the market about.
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Sandile Nomvete, Delta Property Fund s founder and former CEO.
Image: Supplied
Delta Property Fundâs former CEO Sandile Nomvete, together with former CFO Shaneel Maharaj and COO Otis Tshabalala, have flatly refuted allegations of fraud or procurement irregularities during their tenure at the JSE-listed group.
The trio, who left the group in August, issued a joint statement on Friday following Deltaâs new board revealing in a further JSE Sens cautionary announcement earlier in the week the high-level findings of a forensic report that implicates senior executives.