Cash-hungry Tongaat wins in court


Cash-hungry Tongaat wins in court

Company did surreptitiously grab pension fund money to prop up its ailing balance sheet, but court says it was within the law.

Although a group of Tongaat-Hulett pensioners may have lost their civil claim against the sugar company which they accused of looting their pension fund to buoy the balance sheet and inflate executive salaries, recent disclosures reveal they were not wrong in their supposition of what was  happening to their money.

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Submitted by : Andre Crause of SOUTHBROOM on 2018-07-31 08:42:39
What a crying shame. This borders on white collar crime
And compares with state capture.

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