Former CFO of the now defunct VBS Mutual bank, Phillip Truter, has confirmed that he’s turned state witness against his seven co-accused.
The head of the Hawks, Lieutentant-General Godfrey Lebeya, and Public Prosecutions National Director Shamila Batohi hold a virtual media briefing on the latest developments into the VBS Mutual Bank investigation.
VBS Mutual Bank liquidator, Anoosh Rooplal says many municipalities have lodged their claims in the insolvent estate of the bank during the liquidator’s second meeting of creditors.
The Portfolio Committee on Cooperative Governance and Traditional Affairs has heard that municipalities which invested public funds in the now liquidated VBS Mutual Bank are facing financial crisis.
VBS Mutual Bank minority shareholders are meeting in Thohoyandou, Limpopo.
Standing Committee on Finance meets on VBS Mutual Bank.
The Mahikeng local municipality in the North West has approached the Limpopo High court for an order for the final winding up of VBS Mutual Bank.
The VBS mutual bank scandal has claimed its first casualty in the Giyani Municipality in Limpopo.
Some VBS employees have finally signed retrenchment notices after days of rejecting them, while other workers are still refusing to sign.
Finance Minister Tito Mboweni has strongly defended the role of the Treasury and the South African Reserve Bank in the VBS Mutual Bank’s saga.