Cold flash of corporate steel

Cold flash of corporate steel

A commodity trading company recently acquired by JSE-listed shipping giant Grindrod has paid a private detective R5.5 million to “pilot” the criminal prosecution of one of its former executives – hoping to substantiate a R114m insurance claim. It makes for a chilling tale of back-stabbing and intrigue in corporate Joburg.

The company is Oreport and in the dock is Rudi Clayton, 52,  father-of-two, sequestrated, on bail of R50 000, and presently chief executive of a stainless steel manufacturer in the Arabian Gulf.

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