LOTTERIES SOUTH AFRICA South African lottery corruption uncovered 1 year ago Szarlot Post Views: 652 The extent of corruption uncovered within South Africa’s National Lotteries Commission is “worse than imagined”, said the organisation’s chairman, Professor Barney Pityana, in a radio interview. The NLC is designed to channel funds to charities and other worthy causes, but the recent discovery of corruption has shocked the organisation itself and the country’s regulators. Professor Pityana said the commission is now working with the banking sector to weed out the corruption, an ongoing task taken up by the Special Investigating Unit. The investigators found that theft and money laundering in the organisation amounts to R1.4bn (US$77.1m). He said that having now worked on the investigation for two months, “The situation was “worse than I can imagine. We are working on that and we are now working with the banks to see what is happening with the accounts that might be linked with suspicious activities. It is believed that some organisations, as beneficiaries, received funding and Pityana added that the accounts were cleaned out and channelled to two unnamed people within NLC.” The NLC commission Charlotte Thabang Mampane resigned in August “with a cloud of corruption hanging over her head.” Gaming for Africa added: “The National Lotteries Commission says it is now investigating, with the help of the banks, a number of instances of fraud and theft of money going missing after being allocated to various infrastructure projects. The commission also says it allocated nearly R65m ($3.5m) to complete several multi-million rand infrastructure projects but they have been left unfinished.” Source: intergameonline.com About Post Author Szarlot I am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. See author's posts SzarlotI am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. Facebook Twitter LinkedIn Email Print Tags: corruption, Lottery, NLC, South Africa Continue Reading Previous Betway assures gamblers of payouts despite technical glitchNext N2m won from EasyWin Ghana Lotto Games More Stories BETTING SOUTH AFRICA Nolimit City Celebrates South Africa Debut 10 hours ago Samuel ONLINE SOUTH AFRICA Top Betting Sites in South Africa Featuring the Aviator Crash Game 10 hours ago Szarlot EXPERTS SOUTH AFRICA The BiG Africa Summit 2024: Day Two Recap 1 day ago Iwo Bulski ONLINE SOUTH AFRICA Nolimit City launches in South Africa 1 day ago Samuel HOT NEWS ONLINE SOUTH AFRICA South Africa’s online casino industry in 2024 3 days ago Samuel ONLINE SOUTH AFRICA Analysis Of Land-Casinos and Online Casinos in South Africa 3 days ago Szarlot ONLINE SOUTH AFRICA Platinum to Bitcoin: Shifting investment paradigms in South Africa’s economy 6 days ago Szarlot LOTTERIES SOUTH AFRICA Judge takes hard line against Stalingrad tactics 1 week ago Szarlot ONLINE SOUTH AFRICA 1xBet is named the Best Sportsbook Operator in Africa 1 week ago Iwo Bulski EXPERTS SOUTH AFRICA Celebrate Women in Gaming: Join Us at BiG Africa Summit 2024! 1 week ago Iwo Bulski LOTTERIES SOUTH AFRICA 10 biggest lotto payouts in South African history 1 week ago Samuel ONLINE SOUTH AFRICA SOFTSWISS unveils South African iGaming market overview 1 week ago Samuel Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.