A PORT Elizabeth man was so terrified of losing his job he allegedly cooked the books to make it seem as if the business he was working for was running at a profit – and now he faces fraud charges totalling R9.5-million.
Thomas Scholtz, 62, made a brief appearance in the Port Elizabeth Commercial Crimes Court yesterday.
The matter was postponed to allow the defence and the state to further negotiate a possible plea agreement.
State Advocate Wilhelm de Villiers and defence Advocate Charl van Rooyen had spent much of yesterday morning in intense negotiations. When the matter was called before magistrate Louis Claassen later yesterday, De Villiers said they had not yet come to an amicable agreement. Scholtz is out on warning.
For the full story read The Herald, or get the complete newspaper, including comics, classifieds, crosswords and back editions in our e-Edition