Thu May 23 08:57:52 SAST 2013

Up to R300m taken from union pensions: State

Jun 29, 2012 | Sapa | 5 comments

Two men accused of fraudulently taking up to R300 million from a clothing provident fund have appeared in the Cape Town Magistrate’s Court

Comments

Thu May 23 08:57:52 SAST 2013 ::
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Jun 29, 2012

Papage

All Labour Unions funds should be investigated, I suspect this is just a tip in the tea cup. Cosatu investing in E-Tolling and fighting E-Toll roads, so the other hand does not know what the other is doing. Ke Mathatha feela
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Jun 29, 2012

life1703

South Africa is being taken or has been converted to a play ground for fraudsters and especially in Government related Institutes.We won't be surprised to hear that the case has been dropped or struckoff the roll due to lack of evidence.
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Jun 29, 2012

shaharazad

all allegations should be investigated fully, if they are guilty, they should be punished to the full extent of the law. no exceptions
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Jun 30, 2012

CB045

These criminals should be quickly persecuted and their possessions attached. To make up the short-fall, they should endure long hours of hard labour as a warning to others, especially those in government, what they can look forward to in the future. They may get away with it now, but come change of government, they should be brought to face justice they avoided under the present government.
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Jul 2, 2012

Pointman

Find out who were the professionals in the industry who helped them fleece the members of the fund. Fund administrators, lawyers, fund managers, auditors - check them all out. If just R1m is going to walk, it needs someone to look the other way.
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