By Tando Mfengwana
13 December 2006
Assets worth R5-million were seized from a man who allegedly defrauded his employers of R6-million.
National prosecuting Authority spokesperson Lucinda Moonieya said the Asset Forfeiture Unit seized luxury BMWs, a Citi Golf, a Mini Cooper, property valued at R2-million.
Mahendran Pillay is believed to have committed the crime while he was employed at FundsAtWork – a division of Momentum Group Limited in December last year.
An Independent Online report says Pillay was responsible for administrating retirement funds and was authorised to conduct transactions amounting to R50-million.
An investigation revealed that Pillay had transferred funds to a bank belonging to his fiancé, Sharlene Harisanker.
He was later dismissed after disciplinary action was taken against him in January.
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