Money paid into SA banks after 'fraud' by Lesotho officials forfeited to state

The officials had allegedly siphoned about R50m from Lesotho state coffers through a well-orchestrated scheme in which they inflated and diverted payments meant for suppliers to themselves and their companies which had not rendered any services to the state.

The high court granted the forfeiture order after the AFU proved that the money was fraudulently paid into Absa, Capitec, FNB and Standard Bank accounts. “The money has now been forfeited and it will be paid back into the coffers of Lesotho government,” NPA spokesperson Phaladi Shuping said.

Source: Law Daily Report (lawdailyreport.net)

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