VBS Mutual Bank ‘looters’ arrested in Hawks raid

VBS Mutual Bank in Thohoyandou, Limpopo, was plundered of R2bn. A report says a former senior police officer and representatives of the Public Investment Corporation are among those arrested.
VBS Mutual Bank ‘looters’ arrested in Hawks raid — report

A few senior authorities connected to the R2bn plundering of VBS Mutual Bank were captured in a strike on Wednesday morning, Amabhungane revealed.

Eight individuals connected to the plundering and breakdown of VBS Mutual Bank were caught during a hunt and seizure activity by the Hawks and the National Prosecuting Authority.

The report said a previous senior cop and delegates of the Public Investment Corporation were additionally among those captured. Those captured are relied upon to show up in the Palm Ridge justice’s court in Ekurhuleni on Thursday morning. Charges could incorporate pay off, racketeering, misrepresentation and illegal tax avoidance.

In a report named “The Great Bank Heist” discharged in October 2018, advocate Terry Motau set out his examination concerning the amazing defilement and burglary at VBS, and suggested a progression of criminal allegations against a few senior bank authorities.

National Head of the Directorate for Priority Crime Investigation Lt-Gen Godfrey Lebeya (SOEG) and the national chief of open indictments advocate Shamila Batohi are planned to brief the media on the advancement of prominent need cases on Wednesday evening.

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