Dr. Nomsa Masuku, an Independent Electoral Commission (IEC) Commissioner, has been arrested for alleged corruption amounting to R1.2 million.
The charges relate to her time as an employee at Standard Bank, where she is accused of manipulating the bank’s ‘Adopt A School Trust’ program to award scholarships to friends and family.
Masuku appeared in the Johannesburg Specialised Commercial Crimes Court and was granted bail of R20,000. The trial is set for September 4, 2024.
It is reported that the ex-employee was the Head of the CSI Programme for the “Adopt A School Trust” which was established to provide scholarships, bursaries and awards of study, researching or teaching to learners from schools adopted by Standard Bank’s “Adopt a School” programme for those individuals who qualify and meet the selection criteria to further their studies at any recognised institutions higher learning.
Through an intensive probe, the Hawks investigators established that the incumbent flaunted the processes of the trust by awarding scholarships to friends and family members through manipulation of documents and without the approval of the Committe with some of the monies deposited directly into her personal bank account to the tune of R1.2 million.
The suspect is appearing later this morning in the Johannesburg Specialised Commercial Crimes Court sitting in Palm Ridge Magistrates court on charges of fraud.
