Another setback hit Tongaat Hulett shareholders on Tuesday after the agribusiness company said legal challenges are delaying its plans to recoup R450m through civil claims against former directors implicated in its accounting scandal.
Tongaat expects full court trials only to begin in early 2023 mainly due to legal objections on “highly technical” grounds, adding it remains determined to secure a fair outcome for shareholders...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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Tongaat says R450m civil claims lawsuit faces one-year delayAgribusiness group says a full trial is expected only in early 2023 due to legal objections on ‘highly technical’ grounds
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: Moneyweb - 🏆 5. / 77 Read more »
Tongaat Hulett wants to claw back R450m from former directorsJSE-listed sugar producer Tongaat Hulett is claiming R450m against former directors and executives implicated in the group’s accounting scandal. Accounting scandal 🤣🤣🤣 Accounting Scandal= Fraud/Corruption. It's always accounting scandal when it's white people involved, never fraud or financial crimes. Why is that?
Source: TimesLIVE - 🏆 28. / 59 Read more »
Tongaat says R450m civil claims lawsuit faces one-year delayAgribusiness group says a full trial is expected only in early 2023 due to legal objections on ‘highly technical’ grounds
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: Moneyweb - 🏆 5. / 77 Read more »
Tongaat Hulett wants to claw back R450m from former directorsJSE-listed sugar producer Tongaat Hulett is claiming R450m against former directors and executives implicated in the group’s accounting scandal. Accounting scandal 🤣🤣🤣 Accounting Scandal= Fraud/Corruption. It's always accounting scandal when it's white people involved, never fraud or financial crimes. Why is that?
Source: TimesLIVE - 🏆 28. / 59 Read more »