The case of 8 suspects linked to the VBS Mutual bank saga will resume on October the eight this year in the Palm Ridge Specialised Commercial Crimes Court in Ekhuruleni, Gauteng.
The state says it is in negotiations with former VBS Financial Officer, Phillip Truter. The state says he plans to plead guilty and serve his sentence. Truter has been granted R50 000 bail.
Anti-graft organisation, Corruption Watch, is urging the Hawks and the National Prosecuting Authority to intensify efforts to charge all those implicated in the VBS Mutual Bank scandal.
The National Prosecuting Authority (NPA) says it expects more municipal officials to be arrested as investigations continue into the VBS Mutual Bank looting scandal. The remark comes amid the charging of former Merafong Municipal CFO Thys Wienekus for alleged involvement in the embezzlement.
The African National Congress (ANC) in Limpopo has made it clear that it will not side with the officials, current and former, who have been arrested for their alleged involvement in the VBS Mutual Bank scandal.
The National Prosecuting Authority (NPA) has welcomed the bail amount granted to the accused in the VBS Mutual Bank case. Seven of the eight suspects appeared at the Palm Ridge Regional Court in Ekhurhuleni on Thursday.
The Palm Ridge Regional Court in Ekhuruleni has granted bail of R100 000 to each of the eight accused in the VBS Mutual Bank case.
Seven of the eight suspects arrested for their alleged involvement in the Venda Building Social (VBS) Mutual Bank scandal are expected to appear in the Palm Ridge Regional Court in Gauteng on Thursday morning.
The National Director of Public Prosecutions Advocate Shamila Batohi, has welcomed the arrest of seven of eight suspects in connection with the looting at the Venda Building Society Mutual Bank (known as VBS) between 2015 and 2018.