The Gqeberha high court has frozen about R20m worth of assets belonging to a list of people accused of fraud and corruption for allegedly siphoning millions of rand from the beleaguered Integrated Public Transport System (IPTS).
A businessman and six former municipal bosses have been ordered to pay back the R7.6m they allegedly siphoned from the coffers of Nelson Mandela Bay’s beleaguered Integrated Public Transport System (IPTS).
The NPA in the Eastern Cape has recently obtained some notable convictions in cases involving fraud and corruption. They also give insight into how corrupt public officials have managed to manipulate financial management systems, either on their own or in collaboration with others. The NPA in t.
It is not often white-collar crimes end up in the high court, but so serious are the allegations against the individuals accused of plundering funds meant for the Integrated Public Transport System (IPTS), nine men and women found themselves before a judge on Wednesday.
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