Thursday 29 July 2021

Corruption and Fraud


I have received information that an  entity which has been featured prominently in the news a few times regarding audit reports this year could be in the news again because a former staff member committed fraud there. This organization needs a thorough re-organization from top to the bottom.

I understand that this organization has had no cheque reconciliations done for many years, does not have regular and timely audit reports and has not presented a balance sheet for many years.

There has been talk of millions being wasted at this organization and funds intended for the organization going elsewhere.

Interesting days are ahead!

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