TimesLIVE reports that the Hawks are confident KPMG employee Fidelis Moema, accused of stealing R16.5m of bursary funds meant for university students, will not be the only person prosecuted for the money-laundering scandal.
Moema appeared last week in the Palm Ridge commercial crimes court charged with theft, fraud and money laundering. He is accused of stealing R16.5m from the audit firm through making fraudulent transactions between 2021 and 2022. The Hawks probed the case after KPMG reported fraud at the company. “Moema [allegedly] misdirected funds meant for bursary recipients. Instead of paying university fees on behalf of students the accused paid the money into bank accounts belonging to friends and people who own companies. The money was then paid into his personal bank account,” said Hawks spokesperson W/O Thatohatsi Mavimbela. She said investigations were at an advanced stage and more suspects would be arrested. Moema was hired as a specialist to oversee bursary payments to universities for students. Videos and pictures of Moema depicting a luxurious lifestyle, including a visit to Greece and doing a special helicopter gender reveal of his child, have dominated social media trends.
- Read the full original of the report in the above regard by Sinesipho Schrieber at BusinessLive
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