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Wednesday, October 28, 2020
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    1 COMPANY DIRECTOR SENTENCED FOR PENSION FUNDS FRAUD

    William Vusimusi Kgomo (55), a sole company director was found guilty and sentenced by the Standerton Regional Court for Contravention of Private Security Sector Provident Fund and Pension Funds Act, read with the Basic Condition of Employment Act.

    1 COMPANY DIRECTOR SENTENCED FOR PENSION FUNDS FRAUD
    William Vusimusi Kgomo

    Kgomo’s company, EI Gondo trading PTY was contracted by Lekwa Local Municipality for security services at Standerton.

    The director deducted the salaries of the employees for a pension fund over a period between 2012 and 2014 and never submitted the money to the Provident Fund.

    The matter was reported to the Hawks Serious Commercial Crime Investigation in Mpumalanga in April 2017 for investigation and Kgomo was charged along with his company.

    READ ALSO: MAN WITH FAKE HIGH COURT ORDER ABANDONED HIS BAIL APPLICATION

    Consequently, the company was found guilty on 148 charges of theft and sentenced to R400.000.00, wholly suspended with severe conditions that includes the order to install of solar panels at Isifosethu Primary School in Sakhile Town, Standerton.  

    Furthermore, the company must contribute the amount of R100.000.00 towards the same school for a feeding scheme on or before 31 March 2021, failure to do so will result in a fine of R400.000.00 being paid by the company.

    The company also signed acknowledgment of debt and a monthly payment schedule to the Provident fund concerning the unpaid employee contributions.

    VISIT THE HAWKS WEBSITE HERE

    The Provincial Head of the Directorate for Priority Crime Investigation Major General Zodwa Mokoena applauded the investigation and Prosecution team for securing the sentence which will serve as the deterrent to other entity owners who are not doing justice to their employees.  

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    1 COMPANY DIRECTOR SENTENCED FOR PENSION FUNDS FRAUD