02/08/2008

It also happens in South Africa

If you assumed that misappropriation of funds meant for cricket was Zimbabwe's prerogative, then you assumed wrongly.
The former financial manager of the United Cricket Board of South Africa (UCBSA, now Cricket South Africa), Diteko Modise was charged in February this year with nine counts of fraud, money laundering and theft after 7.4 million rands (approx $1 million) disappeared from the coffers of the UCBSA during the time that he was responsible for the cricket authority's internal audit processes.
Granted Modise did it to line his pockets, nevertheless, this incident points to a peculiar trait prevalent in the region - funds meant for cricket seems to tantalize dictators and common men alike and siphoning them is one of the popular past- times.
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2 comments:

straight point said...

money tastes same irrespective of cast, creed and place...

Viswanathan said...

Pan,

Particularly so when it is money from cricket. :)