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Money laundering allegations haunt Popcru

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Picture: iStock/ Kritchanut
Picture: iStock/ Kritchanut

NEWS

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.

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