HIGHAUDIT SAnews.gov.za
Irregular SpendInvestigationBlacklistedProcurement Suspended
SIU claws back nearly R25 million in diverted NLC grant funding- ●SIU recovered R24.98M from SASCOC and associates for diverted NLC grant funds, exposing fraud in procurement-linked funding.
- ●Funds meant for 2016 Rio Olympics roadshow were misused, involving forged signatures and shell NPOs (Mshandukani Foundation).
- ●NLC grant compliance failures: Foundation lacked required financial statements but received R24.83M via SASCOC.
- ●Payments were funneled to entities like Ironbridge Travel Agency (R15.35M) and others, indicating potential collusion.
- ●Special Tribunal order mandates repayment, signaling heightened scrutiny of NLC-funded projects and partners.
- ●Companies linked to former NLC officials may face debarment or deregistration (CIDB) due to irregularities.
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