Two accused of defrauding Industrial Development Corporation of over R54 Million granted bail.
Two people accused of defrauding the Industrial Development Corporation of South Africa Ltd (IDC) of more than R54 million have been granted bail.
According to the Hawks, Molatelo Lorraine Masipa, 43, and Leago Marcia Motla, 44, appeared in the Palm Ridge Specialised Commercial Crimes Court on Friday after being arrested on the same day.
In a statement, Hawks spokesperson Captain Lloyd Ramovha said Masipa was granted bail of R50 000 while Motla was granted R10 000 bail.
The case was postponed to 29 November for disclosure of the docket.
It is alleged that between August 2014 and October 2015, the two defrauded the IDC of millions through a funding application to procure a sawdust briquette machine, meant to process coal, from France.
After the funds were approved, Masipa reportedly procured a similar machine from China for R1.2 million.
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