Dondo Mogajane resigns as Government Employees Pension Fund chair amid VBS scandal

Stephen Grootes interviews Tim Cohen, Daily Maverick editor-at-large.

Listen to the interview in the audio player below. 

The former director-general of National Treasury, Dondo Mogajane on Monday stepped down from his role as chairperson of the Government Employees Pension Fund (GEPF).

He also stepped down from his role as CEO of the Moti Group with immediate effect.

This follows many months of allegations linking him to the looting of the now defuncted VBS Bank.

Convicted VBS fraudster Tshifhiwa Matodzi had claimed he paid Mogajane a R1 million bribe while he was at Treasury.

Allegations Mogajane has denied.

In a statement released on Monday, Mogajane said he would continue to fight for his innocence.

"My reputation has been put in question. Currently, some false allegations have been made by a convicted felon, and I categorically deny any wrongdoing. I don’t want to dwell on that for now; proper processes must be followed. I fully understand the consequences of these allegations, and I am humbly going to step down from all boards that I currently sit on," he said.

Speaking to Stephen Grootes on The Money Show, Tim Cohen, Daily Maverick Editor-at-Large says the timing of his resignation is odd.

"He has categorically denied that he ever accepted any bribes, and it does appear that no money actually found its way into his personal accounts."

- Tim Cohen,Editor-at-Large - Daily Maverick

"His point was, let the legal process take its course, and if necessary I will stand down later, if there's something substantial."

- Tim Cohen,Editor-at-Large - Daily Maverick

"He didn't at first intend to stand down, but I would guess, some kind of pressure's been put on him. My guess is that he's stood down reluctantly."

- Tim Cohen, Editor-at-Large - Daily Maverick

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