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Malema: I’m not close with anyone who benefited from VBS

Malema was fielding questions from journalists around the party's alleged role in the looting of the institution on Thursday.

EFF leader Julius Malema speaks at the party's solidarity protest with the 'Black Lives Matter' movement outside the US embassy in Pretoria. Pictures: Abigail Javier/EWN

JOHANNESBURG - Economic Freedom Fighters (EFF) leader Julius Malema said on Thursday he was not close to anyone that's benefited from VBS Mutual Bank.

Malema was fielding questions from journalists around the party's alleged role in the looting of the institution on Thursday.

Speaking at the party's headquarters in Braamfontein, the red beret leader has defended his relationship with individuals implicated in the multi-billion-rand saga, maintaining that VBS should not have been placed under curatorship, but rescued as it is a black-owned bank.

Malema said the scandal would lead to the arrest of many: “CFOs, municipal managers, mayors and some politicians in the ANC. I want to tell you now, if there is any municipality that can say, we put money into VBS because Malema said, I will resign all positions of the EFF without any hesitations.”

Meanwhile, the latest suspect to be charged in connection with the VBS scandal has been released on a warning until his next court appearance.

Former CFO at the Merafong Municipality Thys Wienekus has been charged with irregular expenditure under the municipal finance management act for his role in depositing R50 million with the bank.

He's become the latest accused in the scandal after seven former bank executives and directors were charged last week.

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