COSATU is appalled at the Hawks failure to act on the Steinhoff heist
19 March 2019
The joint Parliamentary Committees of Finance, Trade and Industry, Public Service and Public Accounts brought Steinhoff, the Hawks, NPA before Parliament today to account for what has been done to recover the monies stolen by Steinhoff’s management and to bring the accused to book.
Steinhoff represents the biggest corporate fraud in South African history. The billions of Rands looted at Steinhoff was not private funds. It belonged to the Government Employees’ Pension Fund. It is workers’ hard earned monies.
The meeting was also attended by National Prosecuting authority as well as the Hawks and other state agencies.
The joint committee meeting concluded that very little work has been done by the Hawks and the prosecuting agencies and that what little progress that has taken place is unsatisfactory. The manner in which this matter is being attended to is leading to a loss of confidence by the South African public into the State abilities to confront and stop corruption.