SDM recovers more than 90% money from July fraudulent payments saga

POLOKWANE – Following a fraudulent payments saga, into private bank accounts, which marred Sekhukhune District Municipality (SDM) at the beginning of July this year, the district municipality confirmed it had managed to recover 98% of the money.

Sekhukhune District Municipality Executive Mayor, Stan Ramaila confirmed during a media briefing in Polokwane on Monday morning.

According to the district municipality, amounts of R4 503 122.19 and R948 891.93 respectively were made into incorrect accounts on the 5th and 9th July 2018, totaling R5 452 014.12.

Ramaila said it was worth noting that all the money stated as recovered had been deposited back into the district municipality’s account.

“And further note that apart from the four officials who have been suspended in July, a further two officials have been served with intension to suspend, making the total number of officials six in number,” said Ramaila.

The district municipality further said that R3 042 961.68 was recovered from ABSA, R845 344.62 from Nedbank and R900 000.00 in interest on an account bearing Peermont. The total amount recovered stands at R4 788 306.30.

Ramaila added money still to be recovered from ABSA and Nedbank stood at R94 539.84 and R569 167.98 respectively.

This was through initial interventions of the Acting Executive Mayor, Acting Municipal Manager and the Acting Chief Financial Officer to immediately inform all financial institutions, instructed to freeze all accounts, of the fraudulent activity.

The Acting Municipal Manager’s appointment of a forensic auditor’s firm from the panel of accountants to institute investigations into the matter and attorney’s firm to engage with the banks and approach court to freeze the funds as well as seeking redress from the primary banker and other banks who continued to allow withdrawals despite an instruction to freeze the funds.

Speaking to the paper, Ramaila said: “The fraudulent activity has not affected the district municipality adversely in that: “We have never faced a situation whereby were unable to pay our service providers.”

A criminal case was opened with the Groblersdal SAPS and the case number was provided to the district municipality.

Matimba Maluleka, HAWKS Spokesperson, has since confirmed a case of fraud was under investigations.

Thapelo Motseo

COMPANY BACKGROUND Sekhukhune Times was founded in 2015 for the purpose of providing Sekhukhune community and businesses with quality news. The business is operated within the Sekhukhune district municipality which consist of four municipality namely Fetakgomo Tubatse Local Municipality, Ephraim Mogale Local Municipality, Makhuduthamaga Local Municipality and Elias Motsoaledi Local Municipality . Sekhukhune Times help the readers to become aware of their surroundings from social life, to the news happening in the community and also not forgetting what’s happening on the outside world’ it brings you all the news in a convenient and simple language that community can understand and It is released every Thursday and distributed through various mine, shops, , pubiic institutions and in schools. Complimentary copies are distributed to advertisers. The publication is also available online www.sekhukhunetimes.co.za Sekhukhune Times bring you all the news you need to know about the community, events coming up, speeches and also some tips on surviving student life as well as anything which you feel could be beneficial to students voicing out their opinions. MISSION . To became a cross border publication that will link young people from all corners of the world. . To became a source of information to the youth and community in general. .To became a tool for businesses big and small to market their products. .To serve as a communication tool for businesses, government, school and communities in general. .To offer jobs to young people and thus participate in eradicating unemployment, which is a major contributor to increase in crime, AIDS and poverty in our communities. .Provide auxiliary services such as printing, layout and design and photography for other institutions. . Sekhukhune Times is committed to providing the client with a quality product at competitive price within schedule. . At all time we will address and service the customers, requirements, comply with specifications, standards and technical requirements, act ethically and with dignity

Social Media Auto Publish Powered By : XYZScripts.com