May
29
Sentula Said to Identify Assets to Recover Money After Fraud
By-
Mining company seeks cash equivalent to current market value
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After five years of losses, Sentula is overhauling business
Sentula Mining Ltd. has identified assets that could be sold to recover some of the 383 million rand ($30 million) in civil damages being sought from a former director, the first significant progress in the case since the amount was awarded more than six years ago, according to a person familiar with the matter.
It’s not yet clear how much of the money can be recouped, the person said, asking not to be identified as the information hasn’t been publicly announced. The shares have rallied 31 percent this month…
Sentula Said to Identify Assets to Recover Money After Fraud
