Man who allegedly defrauded KPMG out of R16m set to make bail application
Fidelis Moema, who was employed as a bursary specialist at the company, is accused of diverting money meant to pay for student fees to himself and his accomplices between 2021 and 2022.
Fidelis Moema and his co-accused at the Palm Ridge Magistrates Court on 18 April 2024. They are facing charges of fraud and money laundering after allegedly stealing money meant for bursary recipients during Moema's employment at KPMG. Picture: Xanderleigh Dookey Makhaza/Eyewitness News
JOHANNESBURG - The man who allegedly swindled R16 million from auditing firm KPMG is set to make his bail application on Thursday.
Fidelis Moema, who was employed as a bursary specialist at the company, was arrested two weeks ago.
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It's alleged that between 2021 and 2022 he diverted money meant to pay for student fees to himself and his accomplices.
He is due to make his second appearance at the Palm Ridge Specialised Commercial Crimes Court on Thursday.
Moema’s flashy life is posted all over his social media accounts - sports cars, French champagne, and holiday trips to Santorini, Greece.
The question on everyone’s lips is whether all of this was through criminal proceedings.
The 32-year-old was fired from KPMG in November 2022 after a disciplinary process found he was non-compliant with the firm's policies.
KPMG said it was only after his dismissal that it uncovered his alleged bursary scheme fraud and it approached the Hawks.