{"id":45878,"date":"2022-02-10T00:00:00","date_gmt":"2022-02-10T00:00:00","guid":{"rendered":"http:\/\/southafricatribune.com\/?guid=37595194a04023055693b05fc9c4e425"},"modified":"2022-02-10T00:00:00","modified_gmt":"2022-02-10T00:00:00","slug":"seven-former-tongaat-hullet-top-managers-to-appear-in-court-for-fraud-2","status":"publish","type":"post","link":"https:\/\/southafricatribune.com\/seven-former-tongaat-hullet-top-managers-to-appear-in-court-for-fraud-2\/","title":{"rendered":"Seven former Tongaat Hullet top managers to appear in court for fraud"},"content":{"rendered":"<p>KWAZULU-NATAL \u2013 Seven former Tongaat Hullet Limited top management aged between 45 and 68 are expected to appear in the Durban Magistrate\u2019s court today on charges of fraud.<\/p>\n<p>It is alleged that between March 2015 and September 2018, the seven suspects acted in common purpose and allegedly backdated land sale agreements. The fact that sale agreements were backdated had a significant impact on the financial reports of the company.<\/p>\n<p>It also resulted in the incorrect profits being declared and managers receiving huge bonuses. As a result, the company lost approximately R1.5 billion.<\/p>\n<p>A case of fraud was reported at Durban North police station and the case docket was allocated to the Hawks members from Durban Serious Commercial Crime Investigation for further investigation. The suspects were charged for fraud this morning.<\/p>\n<\/p>\n<p>Source: South African Police Service<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KWAZULU-NATAL \u2013 Seven former Tongaat Hullet Limited top management aged between 45 and 68 are expected to appear in the Durban Magistrate\u2019s court today on charges of fraud.It is alleged that between March 2015 and September 2018, the seven suspects act&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Seven former Tongaat Hullet top managers to appear in court for fraud - South Africa Tribune<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/southafricatribune.com\/seven-former-tongaat-hullet-top-managers-to-appear-in-court-for-fraud-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Seven former Tongaat Hullet top managers to appear in court for fraud - 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