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.
A state prosecutor in a case related to the VBS Mutual Bank saga told the Thohoyandou Magistrate’s Court in Limpopo that it is difficult for investigators to finalise investigations because the intimidation was pre-planned
Four more companies have been liquidated through the High Court in Pretoria in the ongoing process to recoup money lost by creditors and depositors in the liquidated VBS Mutual Bank.
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.
An opposition councillor in the Elias Motsoaledi Municipality at Groblersdal in Limpopo says he has been receiving death threats related to the VBS saga from an identified caller.