R6 million fraud at UIF could be tip of the iceberg
21 June 2020
The Asset Forfeiture Unit (AFU) should widen its probe into fraudulent transactions involving the Unemployment Insurance Fund (UIF)’s Covid-19 Ters benefit.
This follows revelations that R5.7 million in UIF funds, intended for 200 workers impacted by the Covid-19 national lockdown, was paid to a single person.
The money was then rapidly disbursed to friends and business associates of the recipient over the course of five days.
The AFU and the UIF are now investigating the matter, and 28 bank accounts have been frozen in connection with the fraudulent transaction.