A RECONSIDERATION application by Murray Munro, the former chief financial officer accounting-scandal-hit sugar and property group Tongaat Hulett, of the public censure and R6 million fine imposed on him by the JSE has been dismissed by the Financial Services Tribunal (FST).
An analyst who did not want to be named said on Wednesday the confirmation of the JSE public censure and penalties could be highly significant to how Munro and other former Tongaat directors conduct their defence against the criminal charges and civil claims by Tongaat. – moneyweb.co.za
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