Vision Investments, which is in the process of buying troubled sugar maker Tongaat Hulett, has opened a fraud case against losing bidder RGS of having submitted a forged bank letter claiming it had R2bn to buy the company.
Fraud investigation rocks Tongaat Hulett takeover bid iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
A record 64 nominations have been received for the landmark annual event in African banking, which takes place on the sidelines of the AfDB Annual Meetings in Accra on 25 May.