A Look Inside KPMG Theft Accused Fidelis Moema’s Salary and Assets Worth Millions

A Look Inside KPMG Theft Accused Fidelis Moema’s Salary and Assets Worth Millions

  • Fidelis Moema, who handed himself over to the South African Police Service for allegedly stealing millions from the company's bursary fund, appeared in court
  • His lawyer revealed that he intends to plead not guilty to the charges against him, and the court heard that he also owns property worth millions
  • Netizens were disappointed in him after they learned how much his salary was and the assets he owned

With nine years’ experience, Tebogo Mokwena, a current affairs writer for Briefly News, provided insights into the criminal justice system and high-profile cases in South Africa at Daily Sun.

KPMG theft accused Fidelis Moema will plead not guilty
Fidelis Moema believes he's not guilty of stealing R16 million from KPMG. Images: @HeidiGiokos/X and Rob Carr/Getty Images
Source: UGC

PALM RIDGE, EKURHULENI – KPMG fraud accused Fidelis Moema will plead not guilty to money laundering and theft charges against him. He also owns property worth millions and allegedly used his girlfriends' accounts to launder money.

Read also

Jacob Zuma's case against Karyn Maughan and prosecutor Billy Downer removed from roll

Fidelis Moemi to plead not guilty

According to a series of tweets @ewnupdates posted on X, Moema appeared with his co-accused for their bail hearing before the Palm Ridge Specialised Commercial Crimes Court on 18 April. Moema is accused of using acquaintances' businesses and personal accounts to launder R16 million from KPMG's bursary fund, which he managed.

Moema revealed that he earned R64,000 a month and has a house in Sandton and a plot of land in Pretoria worth millions. He also said he could only raise R25,000 in bail money. The other two suspects are a businessman and a Tshwane Metro Police Department officer.

The prosecution said Moema used his ex-girlfriends' accounts to launder the money. They would allegedly start companies on his behalf through which he would launder the funds. The ex-girlfriends are now state witnesses.

Read also

North West High Court orders Bheki Cele to pay R1.5 million in damages for unlawful arrest

Read the tweets here:

Netizens make fun of Moemi

South Africans had unpleasant things to say about Moemi.

Kenneth Mbombi said:

"R64K a month in this economy is a decent salary. This fella messed up big-time."

Nkosana said:

"Now he wakes up every morning thinking it was just a bad dream."

Bhambatha said:

"R64K per month was not enough for his slay queen baby mama."

Khotso said:

"The girl he was impressing with the stolen money is not even in court to support him."

Imbumbudlu said:

"I love that he is not hiding, standing firm in his fraudulent self."

Nongoma municipality officials arrested for theft, fraud and money laundering

Similarly, Briefly News reported that senior Nongoma Municipality officials appeared in court on money laundering, fraud and theft charges.

The municipality's manager, chief financial officer, the municipal manager's bodyguard and the supply chain manager were arrested.

PAY ATTENTION: Сheck out news that is picked exactly for YOU - click on “Recommended for you” and enjoy!

Source: Briefly News

Online view pixel