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Death in the Chicken House

Death in the chicken house | Carte Blanche | M-Net

The Public Investment Corporation (PIC) was established over 100 years ago to manage investments on behalf of entities like the Government Employees’ Pension Fund (GEPF) and the Unemployment Insurance Fund (UIF) – public sector funds that provide social security. That means it’s managing assets on behalf of taxpayers, like you. So, why does the PIC seem to be standing by while a poultry business worth overR1 billion is allegedly looted and run into the ground? That’s what we set out to investigate. What we encountered were reports of a whistleblower fired, then arrested and her home raided, desperate employees demanding their wages, thousands of starving chickens, and a cast of characters with a hand in the business’s demise. It’s a maze of alleged political influence and governance failures.
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The Public Investment Corporation (PIC) was established over 100 years ago to manage investments on behalf of entities like the Government Employees’ Pension Fund (GEPF) and the Unemployment Insurance Fund (UIF) – public sector funds that provide social security. That means it’s managing assets on behalf of taxpayers, like you. So, why does the PIC seem to be standing by while a poultry business worth overR1 billion is allegedly looted and run into the ground? That’s what we set out to investigate. What we encountered were reports of a whistleblower fired, then arrested and her home raided, desperate employees demanding their wages, thousands of starving chickens, and a cast of characters with a hand in the business’s demise. It’s a maze of alleged political influence and governance failures.
For the full story, get DStv Stream Premium: https://bit.ly/DStv-Stream
—
Stream the show live on the DStv Stream app: https://bit.ly/3l92LhH
Visit the Carte Blanche official site: https://mnet.dstv.com/show/carte-blanche
Find us on Catch Up: https://bit.ly/32VvbU5

Watch more series and movies on Showmax, start your 14-day free trial here: https://bit.ly/36PFSr0
Get DStv: https://bit.ly/3edx58V

Like Carte Blanche on Facebook: https://www.facebook.com/carteblanchetv/
Follow Carte Blanche on Twitter: https://twitter.com/carteblanchetv/
Be a fan on Instagram: https://www.instagram.com/carteblanchetv/
More M-Net Magic: https://www.dstv.com/m-net/en-za/home
#carteblanche #southafrica #news #chicken #farm #farming #corruption #crime

 

In August 2023, Metaverse Foreign Exchange (MTFE), an alleged Ponzi scheme, collapsed. The scheme collected funds claiming to be a trading platform that uses AI bots to automate cryptocurrency trade defrauded over 1 billion USD, mainly from investors in Africa and South Asia. The scheme used a system that rewarded users for recruiting more under them. The Central Bank of Sri Lanka had warned the public that MTFE operated in a manner similar to a pyramid scheme. In reality, MTFE did not actually carry out trades. Instead, the bot fabricated profits and losses to make the platform seem legitimate. When the scheme finally collapsed, all accounts were programmed to show fake negative balances.

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