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    Hellkom > News > Local > Telkom loses millions to fraud

Telkom loses millions to fraud

17 October 2007
Communications minister Ivy Matsepe Casaburri told the National Assembly on Wednesday that the state-owned telecommunications giant, Telkom (TKG), has lost R350m over three years through fraud.

Giving a written reply to a question from ANC MP Vincent Gore, she said that Telkom has also experienced significant theft of cables, solar panels and wireless communications equipment, and the vandalism of payphones, though she gave no figures for these losses.

The minister also told Gore that Telkom has deployed a fraud management system to detect fraudulent calls made on its customers' lines. She added that 434 people were arrested for fraud during the financial years 2002/03 until 2004/05 and that 112 were successfully prosecuted for defrauding Telkom by means of illegal calls. ...

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