Groot Lem Posted October 28, 2008 Posted October 28, 2008 So i believe CGC clubs had a meeting with the exec, anything happened? Did u guys demand changes, stolen money back, fire people??
Thug Posted October 28, 2008 Posted October 28, 2008 I did attend the meeting in a stuffy non-airconditioned room that lasted close to 3 hours. Probably the best attended CGC meeting in the last 10 years Some hot air was expelled but nothing much happened least of all people being fired or asked to resign. The stolen funds are apparently being repaid on a monthly basis. The Thug2008-10-28 12:52:59
Chippy Posted October 29, 2008 Posted October 29, 2008 Thug, What was the official amount stolen? Do I assume that no charges are being laid?Chippy2008-10-29 00:16:54
Thug Posted October 29, 2008 Posted October 29, 2008 The amount that was allegedly misappropriated and now accounted for in CGC's accounts totals slightly over R 260k. As far as I'm aware no charges were laid although the lady in question has apparently signed an admission of guilt and a repayment agreement.
mallo Posted October 29, 2008 Posted October 29, 2008 What she done is called "struggle bookkeeping" where you pay yourself what you think you are worth and overtime as well because nobody is interested in what happens within CGC as long as they receive their paperwork and licenses from the office. Must say the manner in which the money was taken was done brilliantly to fool CA's and others for a while. Now to see how many of those who had strong and stern words for the executive will actually take up the challenge and volunteer to work on the CGC executive once the AGM comes around next year. I thought the ANC has taught me some tricks but lately I am astounded by what I see happening within the cycling fraternity on and off the bike, one wonders how far back this goes within the halls of cycling.
Chippy Posted October 29, 2008 Posted October 29, 2008 But why are no charges being laid? Mallo/Thug can you shed some light?
Nettie R Posted October 29, 2008 Posted October 29, 2008 The stolen funds are apparently being repaid on a monthly basis. And how long is that gonna take to repay the outstanding balance, forever? Hope they punched her with some serious interest.
Thug Posted October 29, 2008 Posted October 29, 2008 But why are no charges being laid? Mallo/Thug can you shed some light? As far as I understand the CGC Executive consulted the commercial crimes division who looked at attaching her assets. As she didn't have any' date=' they felt it would serve no purpose in pursuing criminal charges as she had agreed to repay the funds. What happens if she reneges on repayment ? I've no idea !! And how long is that gonna take to repay the outstanding balance, forever? Hope they punched her with some serious interest. Close to 5 years and NO interest is being charged.
Chippy Posted October 29, 2008 Posted October 29, 2008 Most of her stuff is in storage or family members are using the stuff!! Will she atleast have a criminal record?
intern Posted October 29, 2008 Posted October 29, 2008 Who is 'she'? Surely if you perpetrate a crime such as this you should be name and shamed!!
Spud Posted October 29, 2008 Posted October 29, 2008 Is she still employed by CGC and was she at the meeting last night? Hope she wasnt taking the minutes.
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