GPAA suspends more executives amid allegations of financial misconduct

DOMINOES are continuing to fall at the Government Pensions Administration Agency (GPAA) over a series of allegations of maladministration and financial misconduct.

- SIPHELELE DLUDLA

This comes as the newly appointed acting CEO of the GPAA, Job Stadi Mngomezulu, on Monday suspended two senior executives, the acting chief financial officer (CFO) and the acting chief director of client relations management, who are implicated in the allegations.

In an announcement sent to the GPAA staff on Monday night, which Business Report has seen, the suspension of acting CFO Kgaile Molebatsi and Eric Morudu, acting chief director for client relations management, was announced.

"This decision follows the widely publicised allegations of maladministration of several projects at the GPAA. The Minister of Finance has since instituted an investigation into these matters. Following his appointment as the Acting Chief Executive Officer (CEO), Mr Stadi Mngomezulu has been assessing the events that led to the allegations with the intention to stabilise the organisation and restore public trust,” read the announcement.

"This included briefings by various governance structures as well as engagements with the executive committee of the GPAA. It is against this background that the CEO decided to place the executives on precautionary suspension while the investigation is underway."