Former KPMG employee Fidelis Moema granted R50,000 bail after bursary fraud worth R16.5 million

Former KPMG bursary specialist, Fidelis Moema, was on Friday granted R50,000 bail by the Palm Ridge Specialised Commercial Crimes Court.

Moema was released along with his co-accused, businessman Trevor Machimane, and metro police officer Lebohang Sigubudu. They were also granted R50,000 bail.

Moema is accused of swindling his former employer to the tune of R16.5 million.

The accused facing charges of theft, fraud and money laundering, including 400 counts of fraud, and money laundering...