SIU to probe fraud at the African Exploration Mining and Finance Corporation

  • 📰 TheStar_news
  • ⏱ Reading Time:
  • 73 sec. here
  • 16 min. at publisher
  • 📊 Quality Score:
  • News: 78%
  • Publisher: 59%

Special Investigating Unit News

The African Exploration Mining and Finance Corporation and Dihlabeng Local Municipality in the Free State will face investigations by the SIU.

has been given authority to investigate allegations of maladministration in the affairs of the African Exploration Mining and Finance Corporation and Dihlabeng Local Municipality in the Free State.

President Cyril Ramaphosa signed two proclamations authorising the unit to conduct the investigations this week.“The probe will also examine whether the payments for these contracts adhered to National Treasury guidelines and ascertain whether the payments were irregular, fruitless, and wasteful expenditures or financial losses for the department or the state,” said Kaizer Kganyago, spokesperson for the SIU.

“The investigation will probe whether fraudulent conduct occurred, including the causes of such maladministration, any losses, damages, or prejudice actually or potentially suffered by AEMFC or the State, and any irregular, improper, or unlawful conduct by employees or officials of the AEMFC or any other person or entity,” he explained.

The SIU will also look at whether there was unlawful or improper conduct of AEMFC employees or officials to corruptly or unduly benefit themselves or others.in connection with the affairs of the Dihlabeng Local Municipality regarding the tender for the supply, delivery and installation of high-mast lights.

The SIU said that they are looking particularly at the procurement and contracting that was made in a manner that was not fair, competitive, and transparent.Lastly, the probe will also look at any irregular, unlawful, or improper conduct by officials or employees of the municipality, its suppliers or service providers, or any other person or entity implicated.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 26. in BUSİNESS

Business Business Latest News, Business Business Headlines