Democratic Alliance leader Mmusi Maimane has said that his party is considering laying charges against President Cyril Ramaphosa following reports that he had prior knowledge of widespread looting at VBS Mutual Bank. The financial institution has been placed under curatorship by Reserve Bank governor Lesetja Kganyago.
VBS Scandal - VhaVenda King to Pay Back Money 'From Tainted Sources'
News24Wire, 15 October 2018
VhaVenda King Toni Mphephu Ramabulana will pay back the money he received from VBS Mutual Bank as "tainted gifts", his spokesperson said. Read more »
VBS Scandal - ANC Top 6 to Meet Limpopo Leadership
The ANC's top 6 will on Monday meet with officials from Limpopo after two of the province's top 5 were implicated in an explosive South African Reserve Bank (SARB) report into the… Read more »
Top: VBS Mutual Bank logo. Bottom-left: President Cyril Ramaphosa. Bottom-right: DA leader Mmusi Maimane.
Maimane - Ramaphosa Must Come Clean Over Claims He Knew About VBS Looting
News24Wire, 14 October 2018
The DA says its lawyers are considering laying charges against President Cyril Ramaphosa following reports that he had prior knowledge of widespread looting at VBS Mutual Bank but… Read more »
DA MP Apologises to Malema for Tweet Alleging He Partly Owned Firm Linked to Troubled Vbs
DA MP Ghaleb Cachalia has apologised to EFF leader Julius Malema for his tweet claiming Malema owned 47% of Dyambeu Investments, which is linked to VBS Mutual Bank. Read more »
VBS, Jacob Zuma and the 'Sham' Nkandla Bond He Couldn't Afford
ridden VBS Mutual Bank gifted former president Jacob Zuma an R8.5m bond which he could not afford, and at least nine months before any documents were signed to give the bank… Read more »
Floyd Shivambu Denies Getting R10Million From VBS
News24Wire, 13 October 2018
EFF Deputy President Floyd Shivambu has denied receving R10m from embattled VBS Mutual Bank in his first direct response to the allegations against him and his brother Brian. Read more »
ANC Referring Vbs Report to Its Integrity Commission
The office of the ANC's secretary general has referred the report on alleged R1.8bn fraudulent activity at VBS Mutual Bank to its Integrity Commission, the majority party said in a… Read more »
VBS Scandal - PRASA Employee Hailed for Her Role in Saving R1 Billion
GroundUp, 11 October 2018
Yvonne Page's principled refusal to bend the rules saved PRASA from making a very bad investment, says Motau report Read more »
Prominent opposition politician Floyd Shivambu of the Economic Freedom Fighters has been accused of receiving millions from VBS Mutual Bank, via his brother Brian. The bank's ... Read more »
The Reserve Bank's governor Lesetja Kganyago announced on Sunday afternoon that VBS Mutual Bank is to be placed under curatorship.South African news website ENCA Read more »
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