Gumede consortium lays fraud charges against losing Tongaat bidder RGS

Sugar group’s new owner, Vision, accuses losing rival of fraud

07 April 2024 - 00:00

By THABISO MOCHIKO

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.

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