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    MONEY LAUNDERING ALLEGATIONS HAUNT POPCRU

    Oct 04, 2020 3 minutes
    SIZWE SAMA YENDE sizwe.yende@citypress.co.za
    PHOTO: GETTY IMAGES

    A suspicious transaction of R18 million paid to a subsidiary of the Police and Prison Civil Rights Union (Popcru) has been reported to the Financial Intelligence Centre for investigation. Popcru’s national executive committee has been divided over multiple allegations, including theft, misappropriation of funds and money laundering in the Popcru Group of Companies (PGC), which has the following subsidiaries: Workerslife Direct, Workerslife Assurance, Workers Management Services, Shishangeni Lodge, GenVest 53 and PGC Investment Holdings.

    City Press has seen a letter dated July 16 last year in which PGC’s erstwhile

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