Sascoc under investigation for alleged misappropriation of funds

Sascoc under investigation for alleged misappropriation of funds

The Special Investigation Unit (SUI) is conducting an inquiry into the South African Sports Confederation and Olympic Committee (Sascoc) regarding an undisclosed sum of money that was misappropriated back in 2016.

This investigation is being carried out under the leadership of the current Sascoc president Barry Hendricks, who has been at the helm for the past three years.

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Despite the fact that the current board was not in charge when the funds went missing, Hendricks has expressed their commitment to cooperating fully with the forensic examination and legal proceedings.

"[It started] about two or three months ago, and our staff needed to compile all the documents for them, and we've been having regular meetings with them to make sure the mater is resolved," revealed Hendricks.

"As part of the investigation, we were able to track the amounts, and that is what we're dealing with, with the SIU, so from our side, we've been able to identify the transactions and we've handed that information to them."

Although the current board was not in control of the administration at that time,

Hendricks has explained the SIU's interest lies in reviewing events and financial transactions from five years ago.

"It happened before the previous board, in fact, before I was even elected. So, it was before November 2016," he added.

Meanwhile, Minister of Sports, Arts, and Culture Zizi Kodwa has conveyed to the national broadcaster that it is essential to allow the legal process to unfold, while emphasising that individuals found guilty must bear the appropriate consequences. 

"Like all of us, we will take responsibility as the successor in law. If there was any wrongdoing, our institutions must do their work, so I shouldn't be worried," added Kodwa.

"But we will make sure, if there was any wrongdoing on the part of anybody, law enforcement agencies in the country, including the SIU, must do their work."

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