SARU CEO Jurie Roux linked with theft of Millions

Cape Town - South African Rugby Union (SARU) CEO Jurie Roux allegedly used software that would not leave an audit trail in making 'unauthorised' transfers from Stellenbosch University's reserve funds to the Stellenbosch Rugby Club.According to Netwerk24, this occurred over a period of nine years when Roux had access to the university’s financial management system.This comes after a preliminary report by audit firm KPMG revealed that Roux “hid” spending and “withheld” about R35m of the university’s reserves from the university council.According to the Afrikaans website, Roux referred to the money as “sparries”.The KPMG audit stated that former Stormers flyhalf Peter Grant, former Saracens loose forward Ernst Joubert, former Maties coach Chean Roux and new Blue Bulls Currie Cup coach Hendre Maritz benefited from these “sparries”.Roux’s lawyer, Frikkie Erasmus, said his client will not comment on the allegations because it could negatively impact him in his legal battle with the University of Stellenbosch.The University of Stellenbosch is suing Roux for R32m - the amount the Cape university believes Roux used to help fund the Maties Rugby Club.According to court documents, Roux and a colleague, Chris de Beer (then the deputy director of student fees), worked together between 2002 and 2010 where they made "unauthorised" transfers from the university's reserve funds.Roux left his job as chairperson of the Stellenbosch Rugby Club in 2010 to become SARU CEO.De Beer was fired by the university in 2012.

Apparently Zuma is looking for a finance director, and Jurie Leroux has been linked with the position.
Bizarre that it has taken an auditor to work out that money was being embezzled- given how high the sum of money is.  

 

 This is a typical example of what can happen when u have accountants in positions that have not got a clue on how to audit accounts.
If these guys got away with this for the period stated then it begs the question of how much was stolen by others during this period as well.
Shocking but standard practice in RSA and most institutions unfortunately.
Theory is that every man has his price!!!!!!!!!!!!