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Three former high-ranking members of the EP Rugby Union were among five accused who handed themselves over for arrest to the Hawks in Port Elizabeth on Wednesday morning
They will appear in Court 27 in due course after being processed.
According to the charge sheet, the accused operated as a syndicate with a common purpose to defraud the Union and/or the National Lotteries Board.
Two of the accused reside in Loerie and are acquainted with one of their alleged accomplices who holds a certain bank account with First National Bank.
The 5th accused operates a catering service which provides ongoing catering services to EP Rugby.
The charge sheet states that the five accused acted with common purposes in submitting a false invoice to the value of R283 000 for the hiring of sports fields and a second false invoice to the value of just over R174 000 for catering services to the Union.
An investigation was launched after EP Rugby Union President Andre Rademan prevented the payment of the two invoices.
Rademan welcomed the latest developments and told Algoa FM News that the Union believes in clean governance.
He said the Union will act without fear or favour against anyone who attempts to defraud the Union and that the law must take its course in this matter.
The names of the suspects are known to Algoa FM News and can only be made public once they have appeared in court.