- Mar 26, 2010
Payment documentation apparently submitted to Siemens Stiftung were apparently duplicated, while expenditure claims were already submitted to the department of education.
A school set up in the Eastern Cape to fulfill a lifelong dream of Nelson Mandela’s to bring science and technology education to the area he came from, has been tarnished by theft and mismanagement of funds of donors.
A forensic report fingered the principal and his management team at the Mandela School of Science and Technology of misusing funds received from German electronic company Siemens.
A forensic report by Open Water Advanced Risk Solutions revealed shocking details of how claims were misrepresented and manipulated after Siemens, the Royal House of Mandela and funders Siemens Stiftung mandated a probe into allegations of misappropriation of funds.
The R100-million school was the result of Siemens making a commitment in 2010 to Nelson Mandela to support the building of a school in the village of Mvezo, Eastern Cape, fulfilling the lifelong dream of Nkosi Dalibhunga Mandela, whose birthplace is Mvezo. The school was found to have had poor financial records as it did not perform bank reconciliations.
Funds received from sponsors were all deposited into one account, making it difficult to ensure specific funds received were used for their intended purpose. The report found that €66 000 (about R1.3 million) received from Siemens Stiftung was misused, with some allegedly ending up in the pockets of the principal, his bookkeeper and some school governing body members.
More at : https://citizen.co.za/news/south-africa/investigation/2357282/mandela-school-in-funding-fraud-row/