Media group Naspers is investigating four staffers employed by its pay-TV operation MultiChoice on suspicion of fraud.<\/p>\n
The four are accused of defrauding Africa’s largest media company of R11m, according to the group’s 2008 annual report.<\/p>\n
They allegedly manipulated the billing system MultiChoice uses to collect subscription fees, and redirected funds into their personal accounts.<\/p>\n
Naspers head of investor relations Meloy Horn says the employees were based at MultiChoice Africa’s Randburg offices. “The investigation is at a sensitive stage. We are pursuing the matter in the courts and are awaiting a trial date. The case is sub judice.”<\/p>\n
Last year Naspers suspended six employees of Media24, its printing arm, for inflating magazine circulation figures. It paid close to R40m in compensation to advertisers who were affected.<\/p>\n