Popcru refuses to account as R200m vanishes after being channeled to company with links to union bosses

The money, meant for the benefit of police and prison warders, cannot be traced after it was irregularly transferred to an entity known as Popcru Group of Companies Management Services .

The only supporting documentation provided to the audit team was a confirmation of the deposit ... that the depositor was Mr Mpho Dipela, on behalf of Royale Energy. This transaction occurred on January 18 2019. “The spreadsheet covers the period from March 2016 to February 2019. It doesn’t mean that there were no transfers after February 2019,” he said.

But the spreadsheet obtained shows that all referral fees, at least between March 2016 and February last year, were paid over to PGCMS. Documents including a second letter from SNG Grant Thornton and internal correspondence between PGC’s financial department shows that on January 16 last year Dipela “borrowed” R18 million from Workers Life Direct on behalf of Royale Energy.Of the transaction, SNG Grant Thornton said: “We have noted, upon inspection of the bank statements of WLD, that there was a deposit of R18 million paid into WLD’s bank account from Royale Energy.

There currently appears to be no apparent business or lawful purpose for this transaction. Based on the above, we have reason to believeFollowing the letters reporting the two irregularities, in August the firm cut ties with the Popcru Group of Companies.

As long as there’s never accountability, no one going to prison - we will always read about disgusting looting. As long as there’s no one going to jail, we are saying its ok to steal from the poor, loot, steal money etc

Yho, so who will investigate the investigators?🤔

Useless union

Good

Idiots who still belong to unions need to be hit in the back pocket and continue to be duped, until they learn the folly of unions in the modern world!

😂🤣😂🤣... are people still paying their dues to unions? Got to love a good con

Devhula_17 pls explain to me I lost interest

Shem!!

They are as corrupt as their members.

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