UIF fraud claim: court freezes bank account

Pretoria - President Cyril Ramaphosa promised last week that all Covid-19 funds spent fraudulently would be recovered.

The court granted the Asset Forfeiture Unit of the National Prosecuting Authority a preservation order to freeze a bank account linked to Thokozani Mchunu.NPA spokesperson Sipho Ngwema said R692 185.55 was fraudulently, or mistakenly, paid into a bank account in Durban, KwaZulu-Natal, which is registered in Mchunu’s name.

Following this discovery, the matter was reported to the police, who acted swiftly and alerted the Financial Intelligence Centre. They intervened promptly in terms of the Financial Intelligence Centre Act and froze the relevant accounts, Ngwema said. The transfer of the funds into the accounts was done in an attempt to disguise the origin of the funds, it is claimed.

Source: Law Daily Report (lawdailyreport.net)

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