GROUNDUP ANALYSIS: Dodgy lotteries — what the SIU can do and why it’s vital that the NPA joins the fray

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 84%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Extensive investigations into alleged corruption and embezzlement of National Lotteries Commission grants have yet to attract the interest of the National Prosecuting Authority.

have exposed how National Lotteries Commission grants, meant to go to good causes, have been embezzled. Thehave been named and we’ve presented the details of what they’ve done. Yet to date not one of the main embezzlers has lost a job, repaid the stolen money or been prosecuted.

The SIU, the NPA and the Asset Forfeiture Unit are three powerful tools in the fight against crime in South Africa. While the SIU is taking action against Lottery corruption, it has no powers of arrest or asset seizure., is an independent statutory body that is accountable to Parliament and the president of South Africa. “It was established by the president, conducts investigations at his request, and reports to him on the outcomes.

The tribunals determine if anyone should be held liable for the squandering of public funds. The tribunals can make orders for the recovery of money, which might ultimately involve sequestration or liquidation proceedings. It has the power to apply to courts for the seizure and eventual confiscation of ill-gotten gains, assets, including cash, properties, cars etc which were attained through crime.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in LOANS

Loans Loans Latest News, Loans Loans Headlines