The Special Investigating Unit says it’s preparing a detailed report that shows how more than R300 million was stolen and or misappropriated from the National Lotteries Commission.

The report will be handed over to President Cyril Ramaphosa, but individual cases will also be dealt with by the National Prosecuting Authority for further action.

The SIU told Parliament on 02 March that it has sent the names of Lottery Board Members implicated in the looting of funds, for prosecution.

They are investigating 50 separate cases from as far back as ten years ago – with only 12 of the 50 cases finalized so far – the total of funds stolen from the National Lotteries Fund could rise sharply.

Monies were allegedly funneled to board members via beneficiaries and even attorneys. It’s reported that some Lottery Board members bought houses, paid for school fees and even used the money to maintain a farm.

In a statement the Democratic Alliance said: “The DA has been reliably informed that the allegations levelled against the NLC leadership includes acts committed by individuals including former board chairperson, Alfred Nevuthanda, former board member William Huma and, suspended COO, Philemon Letwaba.”

“A large portion of the allegedly misappropriated funds were intended for drug rehabilitation centres, old age homes, women and youth empowerment. They were allegedly spent on luxury cars and houses instead,” the statement added.

Investigating Directorate head advocate Hermione Cronje has asked Interpol to arrest and deport the Guptas to South Africa to stand trial for fraud and money laundering.

The warrant relates to R25 million paid for a feasibility study to determine the viability of the failed R288 million Estina dairy farm project.

The money was paid to Nulane Investment Bank of Baroda by the Free State government. After Nulane was paid, it appointed and paid DeLoitte R1.5 million to conduct the study.

The rest was allegedly laundered to a company owned by the Gupta’s.

Four others, including a close Gupta associate, were officially charged at the Bloemfontein Magistrate’s court today.