Oceanfresh

3025 days ago

Afriag - working hard on rebuilding the Lonrho fraud, another old boy is back

Our thoughts this morning are, naturally, with Yusuf Kajee of Afriag (AFRI) as he stands trial in the Pretoria Commercial Crimes Court on fraud charges totalling more than 100 million Rand. Of course Yusuf was one of the players in David Lenigas run LonRho which was sold five years ago only for the new owner to find that its accounts were grotesquely overstated.

The two key parts of Lonrho where the new owner found the sums did not add up were the Rollex logistics business run by Yusuf's pal Paul de Robbilard and the Oceanfresh seafood business.

---