Fidelis Moema, Trevor Machimana and Lebohang Sigubudu appeared in court on Thursday for allegedly defrauding KPMG. (Alfonso Nqunjana/News24)

A former KPMG employee appeared with two others in the Palm Ridge Magistrate’s Court on Thursday in connection with the siphoning of bursary funds, valued at R16.5 million, from students pursuing a career in chartered accountancy.

Fidelis Moema, Trevor Machimana and Lebohang Sigubudu were applying for bail.

Moema faces 431 counts relating to offences he allegedly committed during his time as a bursary specialist at KPMG.

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