Student goes on 'lavish' spending spree after accidental R14m allowance
, 28year old Student from Eastern Cape town was arrested by the police’s serious commercial crime unit after she was asked to turn herself in, Anelisa Feni, spokeswoman for an elite police unit, the Hawks, told AFP.
Mani, a student at Walter Sisulu University in Eastern Cape province, appeared before a magistrate court on charges of theft.
She qualified last year for 1,400-rand ($110) in monthly food allowances and Book from the National Students Financial Aid Scheme, which aids underprivileged students.
Instead, she was accidentally Credited $1.1 million in June and went on a spending spree, splurging on expensive clothing, a smartphone and partying.
When the error was discovered in early August 2017‚ she had misappropriated R818‚000.
During the period in question‚ Intellimali was managing the monthly food allowance of R1‚400 for thousands of students at WSU. Only one student received the incorrect funding.
Regardless of the outcome of the investigation referred to later‚ Intellimali takes full administrative and financial responsibility for the incident. Neither the funder‚ National Student Financial Aid Scheme (NSFAS) nor the university (WSU) have erred in any way and they are not responsible for this.
It took the scheme three months to detect the error. It recovered the remainder of the funds from her bank account. Mani was released on a warning and ordered to appear again on July 2.
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