News24 Business front page.
The Special Investigating Unit says it has managed to recover R18 million from law firms and attorneys that received duplicate payments from the Road Accident Fund . In the first phase of its probe, the SIU said it had identified 102 law firms that received duplicate payments from the RAF of approximately R340 million.
"Instead of returning the duplicate payments to RAF, legal practitioners opted to either keep the money in their trust accounts or use it to their personal benefit," the SIU said in a statement. It did not name the law firms involved. The SIU has been probing allegations of corruption and maladministration in the affairs of the fund - which provides cover against death or injury to all SA road users - since late 2021. "When approached with the evidence, several legal practitioners have opted to cooperate with the SIU investigation in defrayal of their indebtedness by the signing of acknowledgments of indebtedness," said the SIU.
When companies sign acknowledgements of debt, they commit to pay back money with interest over an agreed period.
_Business Arrest this greedy gemors...they are educated THIEVES...stealing money from the poorest...how do you ROB someone sitting on a wheel chair?
_Business I got countless audits on FS departments but SIU don't want our books
_Business Criminal cases must be opened and they must be struck from the roll of attorneys.
_Business Do they just recover the money or will criminal charges form part of this process? If not, this will be a motivator instead of deterrent for the next RAF unlawful payments?
_Business When there are high levels of incompetence, then duplicate payments are made
_Business Yet the RAF_SA is still bankrupt
_Business Disbar the law firms; give heavy penalties;
_Business So where’s the other R322m?
_Business Is De Broglio Attorneys one of the companies?
MandelaMinutes _Business I work on one of those law firms
_Business Please list the law firms…
_Business Can they arrest Ramaphosa for lying to us about the Phala-Phala Dollars and not declaring them with SARS?!
_Business R18M is 5.3% of R340M it's not even considered for celebration they must recover 100% of the money
_Business Did they investigate the firm of Ronald Lamola
_Business Corruption is wired into the antiwhite morality.
_Business I mean 340? What a sham
_Business Only 18 of 304?
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SABCNews - 🏆 37. / 51 Read more »