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R5bn of taxpayers' money 'missing'

Published on 2012-08-03

Cape Town - A shocking report, tabled in Parliament on Friday, shows that more than R5bn of taxpayers’ money has been lost due to looting, tender fraud and irregular spending in government departments.

The Special Investigating Unit was now investigating the matter and said it was intending bringing criminal charges against culprits, reported The Times.

More than R2bn was spent on tenders and irregular spending at provincial level, while R700m of “questionable spending” was done by national state departments.

The rotten apples appear to be the department of rural development and land reform, as well as public works and human settlements.

The report said about R500m disappeared into 36 fraudulent land grants at the department of land reform.

Five people have been arrested in connection with the misspending so far and three farms, valued at R51m have been returned to the department following questionable land deals.

So far 12 officials face disciplinary action and three had been suspended.
source News24