Philip truter
Former VBS CFO says sorry, to be admitted to psychiatric hospital
Philip Truter was granted R50,000 bail in the Palm Ridge Commercial Crimes Court earlier on Monday, after saying he was unemployed and could not get a job.
Truter allegedly failed in his primary duty to manage financial risk for VBS and his fiduciary duty to report all irregularities.
Philip Truter could not appear last week as he was in COVID-19 quarantine but the National Prosecuting Authority (NPA) said that his appearance had been postponed.