South Africa: Former Elgablox Project Manager in Court for Fraud Worth R4,7 Million

press release

A 65-year-old has been arrested by the Hawks Serious Commercial Crime Investigation team for fraud worth over R4.7 million.

The Department of Arts and Culture (DAC) allocated funds for the upgrading following an application to upgrade the Ray Alexander Simons Memory Centre buildings in Gugulethu. Over R13.05 million was approved as financial assistance for the project, however an initial payment of R6.8 million was transferred to Elgablox to kick-start the renovations.

The former Project Manager at Elgablox, allegedly misappropriated the funds by making transfers to persons and or entities that were not related to the upgrading of the Ray Alexander Simons Memory Centre buildings in Gugulethu. These transactions were carried out over a period between 23 March and 02 May 2014.

The matter was reported to the Hawks for further investigation after DAC received allegations of embezzlement of the allocated funds. The arrested suspect in this matter is expected to appear at the Specialised Commercial Crimes Court in Bellville on 25 October 2019.

See What Everyone is Watching

Top Headlines: South Africa

More From: SAPS

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.