The Road Accident Fund, which is funded directly from fuel levies, has announced that around R1 billion is involved in fraudulent applications in the 2017/18 financial year. About 514 cases are currently being investigated by the SAPS. Investigations by the Fraud Division of the Fund led to a large number of lawyers being scrapped from..
Continue reading…
About R1 billion fraudulent applications is suspected in Road Accident Fund – more than 514 cases investigated
Posted on Leave a comment
Pension funds as much as R560 million may be lost due to fraudulent activities
Posted on Leave a comment
BEE administrator loses millions of pension funds – Pension funds of Anglo Platinum, invested in the (BBF), administered by Bophelo Benefit Services, a subsidiary of Mvumonala Holdings, may be lost due to fraudulent activities. It is estimated that as much as R560 million can be involved. Apparently, the company ‘cooked’ its 2016 financial statements to..
Continue reading…