The Industrial Development Corporation (IDC) has laid criminal charges against eight employees for corruption, theft and fraud, but the cost to the development financier has not been disclosed. "Since 2009, 21 … employees were involved either in corruption, theft or fraud," said IDC spokesman Mandla Mpangase. "The IDC has laid criminal charges against employees who were found guilty [internally] of either of the offences," he said. Twelve employees were dismissed, four faced disciplinary action and the remaining five were found not guilty. The charges flowed from 126 investigations conducted by the IDC’s in-house forensic audit team, according to a response recently to parliamentary questions from the DA’s James Vos by Economic Development Minister Ebrahim Patel, who oversees the IDC. The investigations date back to 2009 and examined claims of financial dishonesty.
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