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Lottery Olympics scammers must pay back the money

R25-million in lottery funds looted through a fake Rio Olympics roadshow

The Special Tribunal has ordered the South African Sports Confederation and Olympics Committee and National Lotteries Commission officials, to repay almost R25-million. Image of Olympic symbol from Pixabay (free for use)

The Special Tribunal has ordered the South African Sports Confederation and Olympics Committee (SASCOC) and entities linked to former NLC officials to repay nearly R25-million in lottery funds.
The funds were used for a Rio Olympics roadshow, with most of the money diverted to entities linked to former National Lotteries Commission chief operating officer Philemon Letwaba.
The tribunal found SASCOC’s then chief financial officer disregarded his fiduciary duties — and ruled he and SASCOC were jointly liable for R150,000, with the remaining respondents ordered to repay R24.83-million.
The award…

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