UJ denies suspending fraud accused managers
Cape Town - The University of Johannesburg (UJ) on Monday denied suspending two senior council members over alleged fraud, involving a reported R25m, at a commercialisation unit.
"They have not been suspended. They stepped down," said UJ spokesperson Herman Esterhuizen.
The Sunday Independent reported that UJ council chairperson Professor Roy Marcus and deputy vice-chancellor of finance Jaco van Schoor had been suspended with pay over allegations that they syphoned the money from the unit for their own business.
It is understood the claims were raised at a recent UJ council meeting.
According to the report, Marcus and Van Schoor allegedly abused their executive powers by channelling some of the funds from a solar project into Innovative Investment Corporation (IIC), a Sandton-based company they hold shares in.