The VBS scandal six years on - the R2bn fraud, the R500m settlement and the plight of victims
Who was involved in the VBS Mutual Bank scandal that led to losses of more than R2-billion, and who has been held accountable in the six years since?
Stay updated with breaking news from Brian Shivambu. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Who was involved in the VBS Mutual Bank scandal that led to losses of more than R2-billion, and who has been held accountable in the six years since?
The National Assembly has sanctioned three MPs for breaching the Code of Ethical Conduct and Disclosure of Members’ Interests.
The lies in support of the party president, Malema, and deputy president, Shivambu, are in direct conflict with findings by Parliament’s Joint Committee on Ethics and Members’ Interests published on Monday. They can easily be proved wrong.
EFF MP Floyd Shivambu faces parliamentary sanctions over VBS Bank nondisclosures, but experts predict minimal impact on the party.
The news that broke out on Monday of parliament finding against one of its own, one Floyd Shivambu, for benefiting out of the VBS fiasco would have done nothing other than open old wounds just as they were healing and sounded more like the mocking of the victims.