A detailed report obtained by African Times has revealed how the R37 million that was stolen from the ABSA bank account of the ANC run KwaDukuza Local Municipality in KwaZulu-Natal early this year was distributed to 15 accounts belonging to companies and individuals, some with political links. One of the beneficiaries is alleged to be… Continue reading Report Shows how R37 Million Stolen from KwaDukuza Municipality Bank Account was Shared with 15 People and Companies
Tag: ABSA Bank
ABSA Report Details How R35.7 Million Was Brazenly Stolen From KwaZulu-Natal Municipality
A report by ABSA has detailed how R35,7 million was brazenly stolen from the ANC-led KwaDukuza (Stanger) Local Municipality on Friday last week. Interestingly, the money was siphoned from the municipality’s bank account and officials were not even aware until they were called to validate the transactions. When it became clear that the transactions were… Continue reading ABSA Report Details How R35.7 Million Was Brazenly Stolen From KwaZulu-Natal Municipality
Millions Illegally Siphoned from KwaDukuza Local Municipality’s ABSA Bank Account
The ANC-led KwaDukuza Local Municipality in KwaZulu-Natal has officially confirmed that funds were illegally siphoned from its ABSA bank account on Friday last week. The confirmation comes after alleged attempts to keep the matter under wraps as it is believed that this could be an inside job. However, the Umkhonto Wesizwe (MK) Party in the… Continue reading Millions Illegally Siphoned from KwaDukuza Local Municipality’s ABSA Bank Account