Three more people arrested for VBS scandal, total arrests now at [23]
An in-depth investigation into the plundering of VBS funds was jaw-dropping. The South African Reserve Bank released Advocate Terry Motau's report, which implicated 53 people and companies in fraud and corruption worth nearly R2 billion.
14 hrs ago
https://www.msn.com/en-za/news/other/three-more-people-arrested-for-vbs-scandal-total-arrests-now-at-23/ar-AAQLbh3
VBS looting kingpin case: State ready to proceed to trial, but defence needs more time
The State alleges that the suspects looted nearly R[2.3]-billion from VBS’s coffers and doctored the bank’s 2017 financial statements to cover up the fact that it was insolvent.
2021/10/12
https://www.msn.com/en-za/news/other/vbs-looting-kingpin-case-state-ready-to-proceed-to-trial-but-defence-needs-more-time/ar-AAPqKZ8
5 arrested in South Africa’s biggest banking scandal
The VBS institution collapsed back in 2018 after its reserves were plundered by greedy executives, leaving thousands of customers in financial troubles.
March 12, 2021
https://africa.cgtn.com/2021/03/12/5-arrested-in-south-africas-biggest-banking-scandal/