EFF remains mum as VBS mutual bank scandal implicates its deputy president's brother episode artwork

EPISODE · Oct 11, 2018 · 15 MIN

EFF remains mum as VBS mutual bank scandal implicates its deputy president's brother

from AM Live on SAfm · host SABC News and Current Affairs

SAfm — The EFF remains mum about the involvement of its deputy president's brother in the looting of VBS mutual bank. The Reserve Bank has released a report written by advocate Terry Motau in which he details how Floyd Shivambu's sibling Brianand received R16 million from the bank hose doors are now closed. It is unclear why he received the money. The total amount looted amounts to R1.8 billion. Details in a forensic accountant report shows the money was gratuitously received from VBS by about 53 people between March 2015 and June 2018. The Provincial Treasurer of the ANC in Limpopo Danny Msiza, is alleged to be central in this heist. Motau has provided more details about the scheme.

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EFF remains mum as VBS mutual bank scandal implicates its deputy president's brother

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