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A former employee of the Samoa National Provident Fund (SNPF) appeared before the Supreme Court this morning and pleaded not guilty to all 266 charges of theft as a servant filed against him.
According to the Police summary of facts Mr Etuale Ioane allegedly stole more than $200,000 tala from the Fund between January 2016 and September 2019.
Mr Ioane is out on bail to await his hearing set during criminal mentions for June next year.
Established in 1972, SNPF is a compulsory savings scheme for all employees of a
Samoa.
It is legally mandated and entrusted with safekeeping of members’ contributions and to generate from the resources provided by these contributions the greatest achievable benefits for members and their dependents during retirement or in the event of earlier death or incapacitation.“
Contributions to SNPF are made by employers on behalf of their employees and is now 20% of the employee’s gross salary with 10% deducted from the employee, while the employer matches it with another 10%.
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