Vbs mutual bank
VBS loses court bid to reclaim R102m from Usaasa
Last year, VBS liquidator Anoosh Rooplal took Usaasa to court in a bid to recover a R102 million loan online marketing company Leratadima had taken out to...
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More arrests imminent in VBS corruption case - police
Six suspects are facing charges for fraud, corruption, and money laundering. They made a brief appearance in the Orkney Magistrate’s Court on Wednesday and have been granted R5,000 bail.
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Six people arrested on Tuesday in VBS probe granted bail
The case emanates from the VBS investigation when suspicious transactions were picked up on the account of the Dr Kenneth Kaunda Municipality.
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6 suspects arrested in Gauteng for fraud, corruption related to VBS
The six suspects, aged between 37 and 45, were arrested simultaneously in Johannesburg, Vryburg, Orkney and Klerksdorp on Tuesday for alleged fraud, corruption and money laundering worth approximately R2.5 million.
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Collins Chabane Municipality CFO granted bail in VBS Bank matter
Eddie Makamu was arrested on Thursday for his alleged involvement in unlawfully and irregularly investing municipal money with VBS Mutual Bank.
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Ex-Collins Chabane Municipality CFO arrested for alleged link to VBS Bank saga
This is the second official who worked for the municipality to be handcuffed after the arrest of erstwhile municipal manager Charlotte Ngobeni in March last year.
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Mkhwebane implores Limpopo municipalities to implement Motau VBS Bank report
Several municipalities in the province and others in Gauteng and the North West lost billions of rands in taxpayers’ money by irregularly investing over R3.1 billion into the bank violating several financial prescripts.
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Ex-Mayor Maneli says ANC a just party after being cleared of VBS wrongdoings
The two appealed an ANC Gauteng provincial executive committee decision that they should step aside from their roles in public office.
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ANC’s Maphefo Letsie and Boyce Maneli cleared of any wrongdoing in VBS bank saga
In 2020, the pair were told to resign over their two respective municipalities’ investments into now defunct VBS Mutual Bank.
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3 suspects linked to VBS Mutual Bank scandal granted bail
The trio, which includes a former municipal manager of the Fetakgomo-Greater Tubatse Local Municipality, a former CFO and a private business owner, were arrested at their homes in Pretoria on Tuesday.
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Case of VBS heist accused Thabo Mokwena postponed to Feb
Thabo Mokoena appeared in the Molopo Magistrates Court on Tuesday on charges relating to the contravention of the Municipal Finance Management Act.
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Lebeya: Hawks need more investigators to deal with its 20,736 cases
The elite unit said that 13,684 of its 20,736 cases had led to arrests and those accused were currently standing trial for the charges they faced in various courts all over the country.
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National Assembly passes bill that protects depositors should a bank go under
The new legislation was passed at a sitting of the National Assembly on Tuesday. It will now be sent to the National Council of Provinces for concurrence.
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Embattled ANC Limpopo treasurer Danny Msiza offers to step aside
The party’s provincial secretary Soviet Lekganyane told Eyewitness News Msiza’s letter was read out by Limpopo ANC chair Stan Mathabatha at a provincial working committee meeting on Wednesday morning.
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NPA believes it has strong case against latest VBS suspect
Thabo Mokwena, a former municipal manager and accounting officer at the Mahikeng Municipality, made his first court appearance on Wednesday, following his arrest on Tuesday.
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Trial date set for VBS Mutual Bank theft case
The case of 14 suspects was delayed due to a change of legal representatives by some of the accused.
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14 accused in VBS Bank heist told to consult lawyers before next appearance
The state says suspects looted nearly R2.3 billion from VBS coffers and doctored financial statements to cover up insolvency.
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Brian Shivambu to pay back R4.5m received from looting of VBS - report
An acknowledgement of debt contract seen by the 'Daily Maverick' revealed that the Brian Shivambu, the brother of EFF deputy president Floyd, signed the contract in March last year, admitting that he received millions of rands for doing nothing.
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Two municipal officials amongst 17 charged in VBS fraud, theft & corruption case
Collins Chabane municipal manager Tsakane Ngobeni joins Mathys Wienekus as one of the municipal officials who deposited money with VBS, against public finance provisions.
