Today's Labour News

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KPMGThe Citizen reports that Fidelis Moema, the former KPMG employee accused of stealing R16.5 million in bursary funds, will remain in custody as he waits to find out on Friday whether he will be released on bail or not.

Moema returned to the dock in the Palm Ridge Commercial Crimes Court on Thursday for a formal bail application after the case was postponed last week. The former KPMG bursary specialist was joined by two alleged accomplices who were in court for the first time. The charges include fraud and money laundering. Moema is accused of embezzling bursary funds intended for university students while employed at KPMG. He is now employed by Nedbank in human resources. The state prosecutor told the court that Nedbank had filed an affidavit which revealed that Moema allegedly stated that he had resigned from KPMG. "Given the current situation involving Mr Moema, the bank has noted the staff member had failed to disclose he had been dismissed by previous employer KPMG; instead in his CV he submitted to Nedbank, he said he had resigned at KPMG," the bank indicated. Nedbank reportedly confirmed that Moema has been placed on precautionary suspension. The affidavit also mentioned that his contract was scheduled to end on 30 April as he was employed on a fixed-term basis.

  • Read the full original of the report in the above regard by Molefe Seeletsa at The Citizen
  • Read too, Alleged bursary swindler failed to tell Nedbank he was dismissed by KPMG, court hears, at News24


Get other news reports at the SA Labour News home page