Former PetroSA manager in dock for R60m fraud case

File picture: Independent Media

File picture: Independent Media

Published Oct 25, 2017

Share

Johannesburg -  A R60 million fraud case involving a former Petro-South Africa manager is expected to resume in the Bellville Specialised Commercial Crimes Court on Wednesday. 

Its alleged that 61-year-old Matshidiso Mogashoa worked as a corporate social investment manager in Cape Town when she committed the fraud, the Directorate for Priority Crime Investigation, better known as the Hawks said on October 3.

Mogashoa appeared in the Bellville Specialised Commercial Court on September 28, after she was arrested by the Serious Anti-Corruption Unit of the Hawks on the same day for allegations of fraud, theft and money laundering, spokesperson Captain Lloyd Ramovha said.

"It is alleged that between the period 2007 to 2011, the accused...deceitfully processed multiple payments to disadvantaged schools in and around the Eastern Cape, of over R500 000 per transaction which was beyond her level of authority," Ramovha said.

"Mogashoa reportedly processed more than R60 million worth of these payments and she would then apparently phone the school principals to pay back a portion of the funds into her personal account, alleging over-payment. "

African News Agency

Related Topics: