The Hawks have expressed with certainty that Fidelis Moema, a KPMG employee accused of embezzling R16,5 million in bursary funds designated for university students will not be the only person facing prosecution for the money laundering scandal.
Moema made an appearance at Palm Ridge Commercial crimes court, facing charges of theft, fraud and money laundering. Allegations suggest that between 2021 and 2022, he embezzled R16, 5 million from the audit firm by orchestrating fraudulent transactions.
This while tasked with managing bursary payments to universities in behalf of the students. According to the Hawks he allegedly transferred the money into bank accounts of acquaintances and the funds were redirected into his account.
Hawks spokesperson warrant officer Thatohatsi Mavimbela additional suspects would be apprehended.
