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Ten municipal officials arrested for alleged fraud
Ten municipal officials were arrested on Wednesday for allegedly stealing R28-million intended for rural development in Mount Ayliff.
FRAUD
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Prosecutors will seek Madoff’s wife’s money
Federal prosecutors have notified a New York court that they also want the assets of Bernard Madoff’s wife.
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Madoff’s $823m life of luxury
Court documents released on Friday show that Bernard Madoff and his wife Ruth lived a life of high luxury, with assets worth $823-million.
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Absa blocks attempt to attach debtor’s book
A Johannesburg businessman on Friday attempted to attach Absa’s entire debtor’s book worth R532-billion.
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Madoff heads to court with plea in the works
Bernard Madoff, expected to plead guilty this week to charges of running Wall Street’s biggest fraud, will appear in court on Tuesday.
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HRC presses Balfour on Shaik’s parole
The SA Human Rights Commission said on Monday it would send a letter to Ngconde Balfour calling for a review of Schabir Shaik’s medical parole.
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IFP to sue KZN government
The IFP will soon lodge court papers demanding that the KZN government release a forensic report on corruption in the agriculture department.
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Parole only for terminally ill, says judge
Medical parole was meant only for people who were terminally ill, not those suffering from lesser conditions, Judge Siraj Desai said on Tuesday.
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Chiluba’s wife jailed
A court in Zambia on Tuesday sentenced former president Fredrick Chiluba’s wife, Regina, to three-and-a-half years in prison for fraud.
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Balfour: Shaik’s condition terminal
Paroled fraud convict Schabir Shaik is in ”the final phase of his terminal condition”, Correctional Services Minister Ngconde Balfour said on Tuesday.
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‘Winnie nomination could land ANC in hot water’
The ANC has left itself wide open to a legal challenge by keeping Winnie Madikizela-Mandela on its list of candidates for the National Assembly, despite her criminal record.
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Niehaus a top performer at Unisa, claims professor
Disgraced former ANC spokesperson Carl Niehaus obtained top marks while a student at the University of South Africa, one of his professors has said.
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Spinning out of control
Carl Niehaus, the ANC’s former spin doctor, tried some spinning of his own this week as allegations mounted that he owed millions to creditors.
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Stanford charges spark run on banks
The investigation into the business empire of cricket tycoon Allen Stanford sowed panic in the Caribbean and Latin America on Wednesday.
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Mashatile: I warned ANC about Niehaus
Gauteng Premier Paul Mashatile had previously warned the ANC leadership about its former spokesperson, Carl Niehaus, he said on Wednesday.
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ANC: ‘Niehaus kept information from us’
The ANC placed Carl Niehaus on leave after realising he had ”withheld” information about his financial dealings, the party said on Tuesday.
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DA opens case against premier, draws in Shilowa
A case has been opened to probe possible wrongdoings by Paul Mashatile after he apparently failed to report attempted fraud by the ANC’s Carl Niehaus.
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ANC to help Niehaus ‘rebuild his life’
ANC spokesperson Jessie Duarte said on Tuesday the ANC will continue to assist embattled party cadre Carl Niehaus to rebuild his life.
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Satyam scandal rocks India’s Parliament
A scandal at Satyam Computer rocked the country’s Parliament on Tuesday, with members demanding details of how government was handling the case.
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Advocate Barbie admits to sexual acts
Former advocate Cezanne Visser, or Advocate Barbie, admitted most of the state’s sex claims against her on Monday.
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Rhema denies that Niehaus owes it money
African National Congress member Carl Niehaus does not owe Rhema money, the church said on Monday.
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DA calls for agency audit after Niehaus revelations
The Democratic Alliance on Friday called for a forensic audit into the Gauteng Economic Development Agency while Carl Niehaus worked there.
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US finance regulators grilled over Madoff saga
State and industry regulators were put on the defensive on Tuesday at a Senate hearing over their failure to uncover Bernard Madoff’s fraud scheme.
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SAA drug-smuggling case postponed
The case against a security guard and an SAA cabin crew member arrested for alleged drug smuggling was postponed on Friday.
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NPA: Shaik settlement ‘normal’
The National Prosecuting Authority’s R5-million agreement with fraud convict Schabir Shaik was ”normal”, it said on Thursday.
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NPA to respond on ‘secret’ Shaik deal
The NPA will respond late on Thursday afternoon to media reports that it has made a ”secret deal” with fraud convict Schabir Shaik.
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US judge tightens restrictions on Madoff
Bernard Madoff, who authorities say confessed to running a -billion fraud, was put under 24-hour detention in his Manhattan apartment on Friday.
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Obama promises ‘adult supervision’ for Wall Street
President-elect Barack Obama has blamed a lack of "adult supervision" for scandals such as Bernard Madoff’s alleged $50-billion fraud.
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King wins half a court battle
The latest legal skirmish between Dave King and the state has ended in a split decision favouring the businessman in the area that matters most.
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Mango warns of airfare scam
Low-cost airline Mango on Thursday warned South African travellers that fraudsters are offering airline bookings at discounts via SMS and email.
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Madoff placed under house arrest
Disgraced Wall Street investment manager Bernard Madoff, accused of orchestrating a -billion fraud, was put under house arrest on Wednesday.
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Shaik’s auditors admit guilt
The two auditors who helped fraudster Schabir Shaik cook his company’s books pleaded guilty last week to three counts of improper conduct.
