Fidelis Moema, the ex-KPMG employee accused of stealing R16.5 million in bursary funds, and his alleged accomplices have been granted bail.
Fidelis Moema stands accused of embezzling bursary funds intended for university students from KPMG.employee accused of stealing R16.5 million in bursary funds, and his alleged accomplices will be released from custody after being granted bail on Friday.
Moema, Trevor Machimana and Lebohang Sigubudu appeared in the Palm Ridge Commercial Crimes Court to find out the outcome of their bail applications.Moema stands accused of embezzling bursary funds intended for university students from KPMG. The former KPMG bursary specialist allegedly made over 400 fraudulent transactions, amounting to R16.5 million, to various companies linked to his associates between 2019 and 2022.WATCH: R16.5m bursary fraud: Fidelis Moema suspended by Nedbank after ‘lying’ about KPMG dismissalHis contract will end on 30 April as he was employed on a fixed-term basis.
Sthe Bhengu’s baby daddy Fidelis Moema has been arrested for theft, fraud and money laundering. He misdirected funds meant for bursary recipients. He used the funds to buy his girlfriend Sthe a Range Rover , take her to Santorini Greece & do a helicopter gender revealAccording to the state, Machimana and Sigubudu illegally received money from KPMG without rendering any services to the audit firm.
Machimana, who is self-employed, allegedly transferred more than R800 00 received from KPMG to his business account.WATCH: R16.5m bursary fraud: Fidelis Moema suspended by Nedbank after ‘lying’ about KPMG dismissal
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