Collins Letsoalo is no longer the Road Accident Fund's chief executive after board members sent him home. Deputy transport minister Mkhuleko Hlengwa told parliament members about this decision during Wednesday's meeting. The board met on May 27 and voted to remove Letsoalo from his job immediately. He will still receive his full salary and benefits during his time away from work. Officials called this action a safety measure to protect the organization.
Letsoalo faces serious accusations of stealing money and mismanaging finances at the government agency. The main problem centers around a costly R79 million office lease agreement in Johannesburg that raised many questions. Special Investigating Unit detectives examine the case to find out what really happened with the money. Board members were concerned about further damage to the organization if Letsoalo remained in his position. Government officials want to ensure that taxpayer money is used correctly.
Letsoalo faces serious accusations of stealing money and mismanaging finances at the government agency. The main problem centers around a costly R79 million office lease agreement in Johannesburg that raised many questions. Special Investigating Unit detectives examine the case to find out what really happened with the money. Board members were concerned about further damage to the organization if Letsoalo remained in his position. Government officials want to ensure that taxpayer money is used correctly.
