Rautenbach to Pay S. African Fine to End 10-Year Legal Battle
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Billy Rautenbach, who fled South Africa after his motor company collapsed, will pay a 40 million-rand ($5.3 million) fine to settle a decade-long legal battle, South Africa’s National Prosecuting Authority said.
Rautenbach is traveling and wasn’t immediately available to comment when Bloomberg News today called his office in Harare, Zimbabwe. Rautenbach pleaded guilty to 326 charges of fraud as a representative of his company, SA Botswana Hauliers Ltd., in the Specialised Commercial Crimes Court in Pretoria, Mthunzi Mhaga, a spokesman for the NPA, said in an e-mailed response to questions today.