An in-depth forensic investigation into the awarding of a SAPS/SITA contract to Keith Keating’s Forensic Data Analysts amounting to R61 million for the provision of forensic light sources, has uncovered massive potential fraud.
A company linked to executives of Steinhoff International bought South African forestry plantations in 2001 and then sold them to the retailer three years later for more than five times their original value, documents show.
According to reports, BTC Global has defrauded 28,000 South Africans out of a total of R1 billion. That’s almost R39,000 a person. For many South Africans, that represents a significant amount of money.