Blind and Deaf Society bankrupt after R12m theft

C4Cat

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Nov 9, 2015
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Because it wasn’t missed in the budget for at least 5 years?
It wasn't taken all at once though, a bit here and there disguised as legitimate spending would do it.
 

Crimson & Blue

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It wasn't taken all at once though, a bit here and there disguised as legitimate spending would do it.
13 mil over 5 years... 200k a month... that’s some significant extra to hide every month. What is their budget like? So if you hid it in projects who was following up with those projects to confirm funds received? My guess is they left one person in charge of everything and gave them the keys. This is why NGOs need solid M&E systems and why the general public needs to chill when a chunk of the budget goes to M&E.
 

schumi

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Blind Society’s fired director cries unfair dismissal

DURBAN - The director of the KwaZulu-Natal Blind and Deaf Society has been fired as it is alleged that R12 million of the organisation’s funds was stolen on her watch.

Shamila Surjoo was dismissed on Thursday after being found guilty on charges of gross negligence, breach of fiduciary duties and loss of trust. However, Surjoo has denied any wrongdoing and has said she will fight her dismissal.

More at : https://www.iol.co.za/mercury/news/blind-societys-fired-director-cries-unfair-dismissal-19622531
 

ArmatageShanks

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Hmm very sad indeed.

If I was to for whatever reason become both blind and death, how do I ask someone to murder me?
 

ArmatageShanks

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You're deaf and blind, not a damn mute.

Not what I was referring to, how do you tell your doctor? Do you say hey listen I'll give you my bank pin or something or do you just ask a nurse to have the vet from the worst part of town come pay you a visit?
 

schumi

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Judge resigns from KZN Blind and Deaf Society

DURBAN - Barley a month after he vowed to save the cash strapped KZN Blind and Deaf Society from closing its doors, former Constitutional Court Justice Zak Yacoob has resigned.
Justice Yacoob, who chaired the society’s board, recently took over the day-to-day operations of the organisation after its director, Shamilla Surjoo, was dismissed following an internal disciplinary hearing.

Now the organisation has been left without leadership and is struggling to stay afloat.


Yesterday, Justice Yacoob confirmed he had resigned on Friday, but refused to divulge the reason.


Last month, he was embroiled in a bitter public spat with Surjoo after her dismissal. Justice Yacoob had accused her of not doing her job after it emerged that the society’s financial officer had allegedly stolen R12 million from the organisation’s bank accounts over a six-year period. The woman had reported directly to Surjoo.

More at: https://www.iol.co.za/mercury/news/judge-resigns-from-kzn-blind-and-deaf-society-20826029
 

krycor

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Directorship.. someone needs to remind people that they criminally liable should something go wrong at the company even if you are squeaky clean.

It’s weird how a role with that much responsibility is seen as a way to cash in .. i think looking at doing the same for boards at SoEs.
 

schumi

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Durban husband and wife detail how they swindled KZN Blind and Deaf Society of millions

Durban - A Durban couple who pleaded guilty to defrauding the KZN Blind and Deaf Society of R12 million will remain behind bars until they are sentenced.

Ruvanya Ramiah, 31, and Ayush Rambally, 32, pleaded guilty to fraud and theft respectively, in the Durban Specialised Commercial Crimes Court on Tuesday.

Natasha Kara, the provincial spokesperson for the NPA, said Ramiah pleaded guilty to 354 counts of fraud, amounting to over R12 million, while Rambally pleaded guilty to 79 counts of theft, amounting to approximately R1.7 million.

“In her plea, Ramiah stated that she was employed as a Finance Officer, at the KwaZulu-Natal Blind and Deaf Society from March 2012 to February 2019.

“Her duties included salary payments and general payments, and she had access to and control of the Society’s banking accounts.

“She said she committed the fraud by paying herself inflated salaries, twice and sometimes more times in the same month.

“She also created false payments to suppliers and fabricated evidence to support those payments.

“The money was going into her bank account and that of her husband (Rambally),” Kara said.

More at: https://www.iol.co.za/news/crime-an...millions-3972bbee-8df7-44f9-a336-a532c6aa5cbe
 

nightjar

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Aug 2, 2008
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Chances are that they have children which will be their "get out of jail" card and earn them a slap on the wrist instead of time behind bars.
 

Cius

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Jan 20, 2009
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Life imprisonment is the only apt punishment for these two.

Did they manage to recover any of the money?
Highly unlikely as it was over such a long period it was probably being spent as it came in.

A lecturer I had once said Greed is good. The perfect crime is the one that only happens once as there is no pattern to pick up on. Thing is thieves like these two will always get overconfident and greedy and keep doing it. He shared a story of an accountant who robbed a company for 20 years. Got near retirement and he was so deep in debt he got desperate and started increasing the amount to the point where it finally got more noticeable. They investigated and caught him for the 20 years of graft. This is why greed is good, its how these guys get caught finally.

Also decent audits these days should include analysis on bank accounts and amounts received vs who owns the account and randomly sampling invoices and receipts and checking the supplier if they have the same their side. Most common type of fraud is falsifying invoices, especially in charitable places like this. Leaves a paper trail that looks clean unless you actually check.
 
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