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The VBS pre-trial where 14 people are accused of racketeering, money laundering, theft and fraud, has been postponed to January. The VBS pre-trial where 14 people are accused of racketeering, money laundering, theft and fraud, has been postponed to January.
Pauli van Wyk: Alleged ringleaders of VBS looting caught 15 March 2021 10:58 AM Share This: The investigative journalist says businesspeople, chartered accountants, and lawyers, worked in a concerted effort to loot bank. Venda Building Society (VBS) collapsed in 2018 after systematic looting, and as recently as last week, authorities were still making arrests in connection with the crimes committed. with the array of crimes linked to the stripping of the VBS Mutual Bank. Seven more men and a woman were arrested on Thursday, and include ANC Limpopo leader Danny Msiza, ANC linked âbusiness...
In a 206-page indictment detailing the 2018 implosion of VBS Mutual Bank, 14 men are now charged with a total of 188 counts of theft, fraud, money laundering, corruption, racketeering and contraventions of provisions in the Prevention of Organised Crime Act (Poca) and the Prevention and Combating of Corrupt Activities Act (Precca). These alleged crimes relate to the looting and subsequent implosion of VBS Mutual Bank between 2015 and March 2018. The latest arrest comes about nine months after the first group of seven accused pleaded not guilty to the crimes against VBS. Former CFO Philip Trut...