A former employee for Cansa has been dismissed for defrauding the association, Cansa confirmed.
The employee was dismissed after a fraud investigation was opened.
“Significant funds” have been lost, said the Cansa board of directors.
The independent forensic investigation confirmed that,”An employee unlawfully misappropriated funds for personal gain.The investigation uncovered that the employee was not working alone. Makings it more difficult to detect.
“The investigation then revealed that the fraud was committed over a period of five years, resulting in a substantial loss.”
According to Elize Joubert, canca’s CEO, the fraud had just been discovered recently.
“As soon as we became aware of this, we immediately started an investigation, that uncovered this dishonest and unscrupulous act.”
Criminal charges have been laid and the association wants to use available avenues to recover the funds as well as to prevent such similar occurrences from happening again.