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More money disappears from the UIF

NewsLite by NewsLite
21st Jun 2020
in Featured, News
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The Department of Labor is still silent on the nearly R6m fraud committed with money from the Unemployment Insurance Fund (UIF).

This comes after the R5.7m payout to 200 workers was paid into a single person’s bank account.

The person distributed the money to the accounts of friends and business partners within five days, said Dr. DA Labor spokesman Michael Cardo said Sunday.

Only R3.3m of the money could be traced in the meantime, according to court documents reported by the Sunday Times .

The National Prosecuting Authority’s (NPA) asset seizure unit obtained a seizure order in the Pretoria High Court on Friday to freeze the money in 28 different bank accounts, the Sunday newspaper reported.

According to the UIF, since April 16, the fund has paid out more than R23.7 billion to more than 3.6 million workers as relief due to retrenchments or lower remuneration due to the Covid 19 restriction. The UIF said on Friday that 154 310 workers had received their payouts directly into their bank accounts since April.

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