Brian shivambu
Court orders Brian Shivambu to pay R1.8m to VBS liquidators
The order forms part of a bid by Anoosh Rooplal - the liquidator of VBS Mutual Bank - who aims to recover R2.7 million that was part of a R4 million loan...
The EFF has exonerated Shivambu from any wrongdoing in the VBS Mutual Bank scandal that involves his brother.
The 'Mail & Guardian' is reporting on Friday morning that Floyd Shivambu's brother Brian paid money into Julius Malema's cousin's bank account.
It was reminiscent of the EFF’s calls in 2014 on former President Jacob Zuma to pay back the money for his Nkandla home upgrades.
'The Great Bank Heist' report revealed how money was looted from VBS, with Shivambu’s brother allegedly receiving over R16 million in gratuitous payments.
Parliament's ethics committee will be probing Floyd Shivambu’s possible conflict of interest regarding payments he received from his brother, Brian.
EFF leader Julius Malema and his party lashed out at Gordhan, calling him the most dangerous man and accused him of blackmailing and intimidating its leaders through the VBS scandal.
Shivambu was mentioned in the Reserve Bank's investigation report as having received R16 million in gratuitous payments from the institution which was placed under curatorship.
The Economic Freedom Fighters' Julius Malema is briefing the media on the allegations that it benefitted from the looting of VBS Mutual Bank.
The party will hold a media briefing almost a week after reports emerged that it received over R10 million of the money that was siphoned from the bank.
The DA says the red berets have always claimed to be fighting for the poor yet the looting of VBS Bank has led to the suffering of many vulnerable South Africans.
Danny Msiza has set a deadline of Monday afternoon for the retraction and is also demanding an apology.
Brian Shivambu is implicated in Advocate Terry Motau's report on VBS Mutual Bank, titled ‘The Great Bank Heist’, which was released by the Sarb.
If Brian Shivambu did unlawfully receive funds from the VBS bank and then gave some to Floyd, the older sibling might find himself facing corruption charges.
Advocate Terry Motau compiled the report titled 'The Great Bank Heist' which details how R1.8 billion was brazenly stolen from the mutual bank.
The South African Reserve Bank released a report titled 'The Great Bank Heist' this week, which details how R1.8 billion was brazenly looted from the mutual bank.
The 'Daily Maverick' is reporting that Floyd Shivambu's brother, Brian, was one of the individuals who received millions of rand through his company which was then given to Shivambu and his party.
EFF deputy president Floyd Shivambu has been identified as one the people implicated in what's been called 'the great bank heist'.
Advocate Terry Motau revealed how the bank set up middlemen to pay bribes to government officials who were in a position to ensure deposits were made into the bank.