R71 million vanished into thin air at one government entity

[Declan Thompson]

R71 million vanished into thin air at one government entity

The Compensation Fund has lost R71 million over the past two years due to fraud and financial mismanagement, with speculation of internal looting.

 

[Felixbf1980]

Fraud with such big amounts involve banks, no way to move money like this without them.

 

[Hemi300c]

Just another day under the anc with the cadres doing what they do best.

 

[Toxxyc]

Fraud with such big amounts involve banks, no way to move money like this without them.

Ramaphosa be like "hold my beer"

 

[ISP cash cow]

An anonymous source also told The Citizen that the Compensation Fund’s IT systems had been deliberately left unencrypted to allow for internal looting from upper management.

ANC leading by example

 

[ToxicBunny]

It didn't vanish into thin air... It transformed into blue lambos.

 

[Fulcrum29]

The fund falls under the Department of Employment and Labour, and is meant to provide workers with compensation for occupational injuries, illnesses and deaths accrued in the workplace.

...

In one instance, the AGSA identified payments totalling R4.47 million had been redirected to unauthorised bank accounts, resulting in beneficiaries not receiving their claims.

This is an actual human rights abuse.

 

[Spyda]

It didn't vanish into thin air... It transformed into blue lambos.

and a ton of KFC

 

[getafix33]

Ramaphosa be like "hold my beer"

while I lift up my couch......

 

[OutlawJoseyWales]

The ANC are robbing this country blind, and destroying it at the same time.

Yet people like TheChamp keep on voting for them and defending them.

 

[Gordon_R]

Fraud with such big amounts involve banks, no way to move money like this without them.

Potentially lawyers involved in transfer process, just like Road Accident Fund claims...

 

[ToxicBunny]

The ANC are robbing this country blind, and destroying it at the same time.

Yet people like TheChamp keep on voting for them and defending them.

You have the wrong terminology.

They are transforming the country, one disadvantaged transaction at a time.

 

[borro]

It's magical!