- Five people arrested in connection with the R5.7 million UIF fraud have been granted bail
- Tshepang Phohole, his family and associates all appeared before the Pretoria Commercial Crimes Court on Monday
- It is alleged that Phohole fraudulently received R5.7 million meant for his UIF beneficiaries and then quickly distributed the money
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The five suspects arrested for defrauding the Unemployment Insurance Fund (UIF) of R 5.7 million intended for workers impacted by the Covid-19 national lockdown have been granted bail by the Pretoria Specialised Commercial Crimes Court.
Tshepang Phohole, Taetso Zulu, Tsietsi Mojela, as well as Itumeleng and Tebogo Masoko appeared in court this Monday for their formal bail application after they were arrested over the weekend.
Phohole is facing multiple charges of fraud, with alternative charges of theft as well as multiple charges of money laundering, said News24.
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The 25-year old attracted the public's eye when the R5.7 million funds meant for about 1 400 UIF beneficiaries were allegedly fraudulently transferred to an employee (Phohole) of the labour brokerage firm, CSG Resourcing
When the money was paid into Phohole's account, it was then rapidly dispersed to Phohole’s family and business associates over the course of five days, said IOL.
The accused were granted R5 000 bail each, said the Hawks in a statement.
Since the arrests, police have been able to recover about R3.1 million along with some of the items purchased and frozen the various accounts used by the family.
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Some of these items include a Range Rover Evoque purchased for R310 000, a VW Gti worth R154 900, two more VW polos and a Nissan Minibus taxi to the tune of R571 000.
The shopping spree didn’t end there as the family also allegedly purchased tombstones for R40 200, building material worth R67 277, as well as car wash equipment for R52 000.
The matter has been postponed to 7 September to allow further investigation.
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