Mail & Guardian
Mail & Guardian
emmanuel magampalatest news & developments
Not true: Gayton McKenzie, president of the Patriotic Front and mayor of Central Karoo District Municipality , denies his party is funded by gangsters and drug money linked to the late William ‘Red’ Stevens. Photo: Gallo Images/Sunday Times/Dudu Zitha
CHINELLE STEVENS

Recording alleges that gangsters, drugs fund the Patriotic Alliance

A regional treasurer has been caught explaining how the PA has allegedly been financed

  • Khaya Koko
12 min read
Jason Foster is a co-director of the same company as Richard Marsden.
ABSA

How R31.5 million was stolen from FNB and Rand Merchant Bank clients

British citizen Richard Marsden apparently orchestrated the defrauding of clients at FNB, Absa and Rand Merchant Bank

  • Khaya Koko
6 min read
Knorx Molelle. Picture: Bulelwa Makeke
AFU

‘I didn’t steal R13.9 million’– former NPA director Molelle

Molelle is accused of having received R2 million from the money Mahendren Munsamy allegedly ‘stole’ from former Eskom executive Anoj Singh

  • Khaya Koko
3 min read
ganised criminal syndicates plan that the money be paid to someone [else’s] account so that it is difficult to trace it to the ultimate recipients, despite that they are the main beneficiaries of the spoils.” (Reuters)
ADEBAYO QUANDRI

Cyber fraudsters get lengthy sentences for stealing R12.4m

Olatunji Abdul and Adebayo Quandri targeted property and law firms during their two-month scheme

  • Khaya Koko
3 min read
KwaZulu-Natal residents who are unemployed, financially struggling and hungry have lambasted Eskom’s proposed 36.1% tariff hike. (Dean Hutton/Bloomberg/Getty Images)
BERNARD MORAKA

‘Deplorable’ R35m Eskom fraudsters receive 20-year jail term

Bernard Moraka and Victor Tshabalala defrauded Eskom to the tune of almost R35-million over 32 months through 53 bogus transactions

  • Khaya Koko
4 min read