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The man is alleged to have redirected R4.6 million in FIU claims from his former employer to his personal account.
JOHANNESBURG – The Hawks arrested an elderly man in Hammanskraal, Pretoria, who allegedly became “an instant millionaire” after fraudulently receiving money from the Temporary Assistance Plan for Employers and Employees (TERS) from the Unemployment Insurance Fund (FIU) COVID -19.
Officers handcuffed the 62-year-old retiree Sunday and faces charges related to theft and money laundering.
This brings the number of detainees linked to the FIU’s TERS to 14. Some of the suspects are out on bail.
The man is alleged to have redirected R4.6 million in FIU claims from his former employer to his personal account.
The man is expected to appear in the Pretoria Commercial Crimes Court Monday morning.
Hawks spokesman Brig. Hangwani Mulaudzi said nearly R 100,000 had already been spent.
“The 62-year-old retiree was arrested after he failed to disclose that he became an instant millionaire from R4.7, the money that was intended to pay employees of a certain company to be disclosed in court documents,” he said Mulaudzi in a statement. on Sunday.
He added: “It is understood that the suspect worked for the same company and allegedly used the same reference number from his previous employer to request his UIF payment. Later, after numerous inquiries from the company, it was discovered that the money was actually paid but was redirected to the suspect’s account.
“One case was registered and almost R4.6 million have already been recovered. He allegedly used almost 100,000 rand on himself. “
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