The Hawks have arrested another five people for their alleged involvement in the looting and collapse of the now-defunct VBS Mutual Bank.

Hawks spokesperson Katleo Mogale says the suspects are facing charges of theft, corruption, money laundering and racketeering.

The five suspects were arrested in Gauteng and in Limpopo today by the Hawks. They include former bank managers and a political party office-bearer in Limpopo.

A municipal employee from the Collins Chabane Municipality in Malamulele has also been arrested on a separate charge of alleged contravention of the Public Finance Management Act.

The case relates to the depositing of public funds to the VBS, which is against the law.

The Hawks say three more suspects are expected to hand themselves over later today.

In January, the state said more VBS arrests expected: