In what is arguably the biggest corporate scandal since Steinhoff, several former Tongaat Hulett executives have been fingered in what appears to amount to accounting fraud. This “undesirable accounting” has been confirmed through a PwC forensic investigation, which is likely to result in the sugar and property group laying criminal charges and pursuing civil claims against the executive. As with Steinhoff, VBS and AYO, the Tongaat Hulett case leaves a distinctly bitter taste.