Seven accused of defrauding Tongaat Hulett granted bail
Six former Tongaat Hulett managers and a Deloitte employee who are accused of fraud have been granted bail of R30 000 each.
Former CEO Peter Staude made a brief appearance in the Durban Specialised Commercial Crimes Court today, alongside Murray Munro, Michael Deighton, Rory Wilkinson, Kamasagrie Singh, Samantha Shukia and Gavin Kruger.
It's alleged they backdated land sale agreements between 2015 and 2018.
This apparently cost the sugar company about R3.5 billion, with the accused allegedly pocketing big bonuses.
The NPA's Natasha Kara says their bail comes with conditions.
"They surrender all passports and travel documentation to the Investigation Officer (IO) by 11 February 2022."
READ: 7 in court for Tongaat Hullet fraud
"This was with the exception of Wilkinson who advised the court through his legal representation that he has travel commitments in March. He will surrender his passport on his return. They do not apply for new travel documentation."
"They get the permission of the IO for any travel out of the province of KwaZulu-Natal. This must be done 48 hours prior to the proposed trip and a travel itinerary must be provided. The matter returns to court on 11 April 2022 for DPP instructions."
