Investigations into the alleged theft of up to R100-million from an AgriBEE fund would not be swept under the carpet, the Hawks said on Sunday.

The probe was continuing, spokesperson for the Directorate for Priority Crime Investigations (Hawks) Musa Zondi said.

"It is an important investigation and nothing will be swept under the carpet."

He would not comment on a Sunday Times report that quoted him saying they were currently taking statements from the Land Bank.

Zondi said part of the investigation was carried over from the disbanded Scorpions and that most of the Scorpions investigators were still working on the case.

"Generally, we kept the same people in the same place, but there were a lot of changes with some people coming over to the Hawks and others deciding not to."

The Sunday Times, referring to a forensic report by PricewaterhouseCoopers and documents held by attorneys and auditors, reported that R100-million of an AgriBEE fund meant for poor farmers had been used to bankroll the lavish lifestyles of politically connected individuals.

The fund was meant for agriculture projects, including a support group that planned to grow food for HIV/Aids sufferers and orphans.

According to the report, the money was instead transferred from the Agriculture Department to the Land Bank.

While the fund had a grant limit of R430 000 a person, former Gauteng housing Member of the Executive Committee Dan Mofokeng allegedly bought a Mercedes Benz CLS55 AMG for cash and a R2-million house with money from the fund.

Further, Mofokeng was the majority shareholder in a working farm project in Limpopo that allegedly received R6,5-million from the fund.

Phil Mohlahlane, head of the Land Bank's agriculture department section that approved AgriBEE funding and the bank's acting CEO when the disbursements were made, allegedly used money to pay cash for a R2,7-million house in Kyalami.

Another R6,4-million from the fund was also allegedly used to pay for a farm in Limpopo, which was transferred to Mohlahlane's sister-in-law.

The Land Bank's CFO, Xolile Ncame, was fired soon after he wrote a memo about the fund, in which he called it "a money-laundering scheme", in June last year.