Trustees were accused of accepting bribes of between R40,000 and R25,000 each in 2019 to topple a company that was providing services as administrator of the CINPF in favour of a new service provider. File image.Akani Retirement Fund administrators will appeal a scathing judgment by the Johannesburg high court which found that the company bribed trustees of the Chemical Industries National Pension Fund .
The bribe was allegedly in exchange for booting out NBC Holdings, a company that had served as administrators of the CINPF for three decades, in favour of Akani without an open tender process.
The problem is the Regulator here.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Treasury caps pension fund infrastructure investment at 45% and maintains crypto banThe final amendments to Regulation 28 of the Pension Funds Act contain no limits on investments in debt or loans issued or guaranteed by the government
Source: BDliveSA - 🏆 12. / 63 Read more »
Treasury caps pension fund infrastructure investment at 45% and maintains crypto banThe final amendments to Regulation 28 of the Pension Funds Act contain no limits on investments in debt or loans issued or guaranteed by the government
Source: BDliveSA - 🏆 12. / 63 Read more »