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Fraud News 2009

 

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 Fraud News from Africa: March 2009

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12

 

Film pirate’s assets for sale - clampdown on fake DVDs

 

Property worth millions of rand is to be auctioned off after the Asset Forfeiture Unit obtained an order against its owner – a woman dealing in pirated music and movies.

 

What if former SAA boss is cleared by a probe?

 

THERE’s another side to the final departure of Khaya Ngqula from SAA that his critics might consider as they clamour to take credit for bringing him down.

 

ICD investigation still ongoing

 

The Independent Complaints Directorate’s national management met the staff at its Durban office to explain why their boss was suspended.

 

11

 

SAA chief Khaya Ngqula quits amid probe

 

SOUTH African Airways (SAA) CEO Khaya Ngqula, who has been on special leave while being investigated for alleged mismanagement, is to leave the airline after agreeing on a settlement.

 

Property corruption shocker: lawyers take funds

 

More than 100 law firms, conveyancers fingered in housing subsidy forensic audit report.

 

Since the introduction of housing subsidies to assist buyers access finance for entry-level properties, lawyers as well as government officials have been helping themselves to subsidy funds unlawfully.

 

10

 

Transnet corruption damages rail deal

 

Transnet cancelled a tender to buy 212 locomotives for R6.5 billion because it believed there was a corrupt relationship between one of its officials and one of the directors of Electro-Motive Sibanye, the preferred bidder, according to papers filed in the Johannesburg High Court.

 

09

 

IFP seeks corruption report court order

 

The IFP would soon lodge court papers demanding that the KwaZulu-Natal government release a forensic report on rampant corruption in the department of agriculture, the party said.

 

FSB pursuing Sentula insider trading probe

 

THE Financial Services Board (FSB) is pursuing its probe into allegations of insider trading last year in Sentula Mining’s shares and expects to complete it by June, Gerhard van Deventer, head of the FSB’s directorate of market abuse, said on Friday.

 

Co-op boss pleads guilty to fraud worth R12,5m

 

FORMER Humansdorp Co-operative Limited financial head Andre Mattheus Strydom has pleaded guilty to 92 counts of fraud amounting to R12,5-million.

 

France, SA partner to fight against transnational crime

 

Pretoria - The South African Department of Safety and Security has signed an agreement with the French Embassy to strengthen the country's capacity in the fight against transnational organised crime and terrorism.

 

08

 

SABC fat cat coins it

Chief financial officer pockets R600000 in bonuses as public broadcaster leaks pots of cash

The SABC’s chief financial officer received annual and retention bonuses of more than R600000 in December. And at least 125 senior managers at the broadcaster pocketed R18-million in bonuses.

 

This is despite the broadcaster facing its worst financial crisis after announcing this week that it is set to post pre-tax losses of R784-million.

 

07

 

Scorpions snafu weakens prosecution

 

The process of dismantling the Scorpions appears to be inept and ill-planned, bearing out warnings that it would undermine the state's capacity to fight organised crime.

 

Tears as Clifford jailed for fraud, theft

 

TEARS flowed and emotions ran high in the Port Elizabeth High Court yesterday when disgraced pyramid investment queen Maureen Clifford was jailed for 12 years for fraud and theft.

 

Will councillors cough up R10m for McBride?

 

All 100 Ekurhuleni councillors may have to pay back R10,8-million out of their own pockets for approving the money spent on axed metro police chief Robert McBride's legal fees.

 

06

 

Cape Town changes channel on Sangster

 

Cape Town's safety and security consultant, Mark Sangster, has not been given work by the municipality since an independent audit into a controversial R25 million tender for CCTV monitoring and surveillance was awarded to the security company of which he is the managing director.

 

SABC camps fight for control

 

The SABC board is split into two opposing camps, fighting over political control and the public broadcaster’s editorial independence, reveals a forensic report by audit firm Deloitte.

 

NPA denied appeal over Selebi papers

 

The National Prosecuting Authority (NPA) was not granted leave to appeal a ruling that it hand over documents requested by National Police Commissioner Jackie Selebi to prepare his defence.

 

Varsity sets up hotline to fight corruption and fraud

 

After being dogged by allegations of corruption, the University of Venda for Science and Technology has set up a hotline, Tip-Offs, to fight fraud and corruption at the institution.

 

Diamond, 419 scam letters found during bust

 

An uncut diamond and a room full of letters relating to the 419 scam were discovered during a crime intelligence operation in Hillbrow, Johannesburg police said on Friday.
 

ICD boss in false claims rap - Ralo suspended over fraud for travel

 

The KwaZulu-Natal head of the Independent Complaints Directorate (ICD), Tabisa Ralo, has been suspended following a series of investigations pertaining to fraud within the unit.

 

‘Bogus colleges’ owner arrested for fraud

 

Sane Salif, the man Sowetan exposed for making thousands of rand from running bogus colleges around Gauteng, has been arrested.

 

05

 

Fraud-hit coal contractor Sentula's cautionary lifted, but share price falls

 

JOHANNESBURG (miningweekly.com) - The lifting of the cautionary over fraud-hit JSE-listed coal-mining contractor Sentula had no benefit for the share price, which plummeted to a 12-year low, as the company announced an end to its forensic audit and a shift in emphasis towards recovering misappropriated equipment.

 

Advocate held for corruption

 

A senior state advocate was arrested on Thursday for corruption after allegedly paying a bribe, Johannesburg police said.

 

Battle between Selebi and NPA continues

 

The National Prosecuting Authority (NPA) and lawyers for National Police Commissioner Jackie Selebi have their hands full with two more legal issues as his April 14 trial date approaches.

 

04

 

Trio allegedly ripped off law firm

 

Three people were arrested on 31 counts of fraud for allegedly misappropriating R1,4-million from a law firm in 2007, the National Prosecuting Authority (NPA) said on Wednesday.

 

03

 

Ex-president's wife jailed for corruption in Zambia

 

LUSAKA (Reuters) - A Zambian court on Tuesday jailed the wife of former President Frederick Chiluba for corruption, the latest high profile figure sentenced in a crackdown on graft that has won favour with donors.

 

Shaik walks free

 

Convicted businessman Schabir Shaik has been granted medical parole - after months of lobbying by his family and doctors.

 

02

 

Arthur Brown seeks to halt prosecution

 

A Cape High Court application is pending in which former chief executive of the Fidentia group, J Arthur Brown, seeks an order to stop his prosecution on embezzlement charges, or to at least stop the investigation.

 

Lie tests for PSL referees

 

The game could be over for unscrupulous soccer referees who are implicated in match-fixing-lie-detector tests are to be performed by the South African Football Association.

 

 
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