Hawks arrest VBS ‘kingpin’ Tshifhiwa Matodzi and other directors in early morning raid

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Hawks arrest VBS ‘kingpin’ Tshifhiwa Matodzi and other directors in early morning raid

• Matodzi, former chairperson of VBS Mutual Bank and its shareholder Vele Investments, is the alleged kingpin behind R2-billion theft of the bank’s funds.
• Others expected to be arrested include former senior VBS and Vele executives Andile Ramavhunga, Phophi Mukhodobwane, Phillip Truter and Robert Madzonga.
• Around R2 billion was found to have been stolen from the bank.

BREAKING | Hawks arrest VBS ‘kingpin’ Tshifhiwa Matodzi and other directors in early morning raid | News24

Nearly two years after a R2-billion theft of VBS Mutual Bank funds was laid bare, several top VBS insiders have been arrested or are in the process of being apprehended in an early morning blitz.

www.news24.com

Finally some action, may the bit players be next. *cough* eff *cough*

 

[ForceFate_]

I hope they decide to rat out the rest. This is going be the best next few years for attorneys

 

[access™]

I hope they decide to rat out the rest.

unfortunately here, the whisteblowers/rats get arrested as seen at zondo. seeing that these are arrested, i dont have much hope of anyone else meaningful being brought to book. probably will see some of these walk, maybe some other low level gets pulled in and blamed.

 

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Next the municipalities and then the politicians...

Former acting CFO arrested for 'R50m invested with VBS Mutual Bank'

A former manager at the Merafong Municipality was arrested on Thursday in connection with R50m that was invested with VBS Mutual Bank.

www.timeslive.co.za

 

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Ace Magashule defends ANC decision to reinstate Limpopo officials fingered in VBS looting

ANC secretary-general Ace Magashule said on Wednesday the ruling party's decision to reinstate officials implicated in the looting of VBS Mutual Bank is not showing a middle-finger to the public but rather a matter of justice

www.timeslive.co.za

 

[Textile Guy]

ANC secretary-general Ace Magashule said on Wednesday the ruling party's decision to reinstate officials implicated in the looting of VBS Mutual Bank is not showing a middle-finger to the public but rather a matter of justice.

 

[[)roi(]]

Until Malema, Shivambu and other leading ANC scumbags are prosecuted and imprisoned without parole.
This is all just smoke and mirrors....