Mail & Guardian
Mail & Guardian
andile ramavhungalatest news & developments
Victims of the VBS Mutual Bank (VBS) scandal who lost their life savings say it is ironic that Economic Freedom Fighters (EFF) members are demanding the return of “stolen” land while failing to pay back the money they allegedly received unlawfully from the bank.
ANDILE RAMAVHUNGA

R2.3-billion VBS Mutual Bank heist trial to start soon

The state has finalised its charge sheet and is ready to prosecute the alleged bank looters

  • Khaya Koko
3 min read
NPA head Shamila Batohi said although the SIU was mandated to make referrals to the NPA, many of its cases needed further investigation to justify reasonable doubt. She said the SIU was almost using the NPA as a post box for its cases to be sent to the Hawks. (Gallo/Sunday Times/Alaister Russell)
ANDILE RAMAVHUNGA

NPA cool on ire over VBS saga’s glacial pace

The NPA has confirmed that the trial of the expected 10 accused in the VBS heist will be a marathon

  • Khaya Koko
3 min read
Trial date: The VBS heist trial is expected to begin only in early 2022. Photo: Delwyn Verasamy
ANDILE RAMAVHUNGA

R2.3bn VBS trial expected to only begin in 2022

The state is expected to request a 16 week-long trial, as delays stymie progress in the saga.

  • Khaya Koko
3 min read
Frustration reigned at the R2.3-billion VBS Mutual Bank heist court case after another postponement, with one of the accused’s lawyers arguing that his client was suffering financial prejudice because of the state’s alleged ineptitude.
ANDILE RAMAVHUNGA

VBS case delays cause massive frustration

A certificate is needed from the head of the NPA for more arrests to be made

  • Khaya Koko
4 min read
Seven of the defunct bank’s top executives appeared at the specialised commercial crimes court sitting in Palmridge on Thursday.
ANDILE RAMAVHUNGA

More arrests expected in the R2.3bn VBS heist

Prosecutors tell the court that more people will be charged and additional charges will be added to the seven accused in a new charge sheet

  • Khaya Koko
2 min read
Phillip will spend seven years behind bars.
ANDILE RAMAVHUNGA

‘Haunted’ VBS executive Truter sentenced to seven years

Phillip Truter, the former chief financial officer of the defunct mutual bank who pleaded guilty to fraud and other charges, will work with authorities on how the alleged heist…

  • Khaya Koko
2 min read
Head of the Hawks Godfrey Lebeya during an interview on September 07, 2018 (Photo by Gallo Images/Sunday Times/Alaister Russell)
ACE MAGASHULE

Hawks eye ANC politicians next

Top cop says more big players will be added to the list of accused as the state prepares to go to court

  • Sabelo Skiti
6 min read
Municipal workers protest. (Photo by Gallo Images / Beeld / Cornel Van Heerden)
AMABHUNGANE ADVOCACY

Workers’ R60m ‘lost’ in banks scam

An asset manager, VBS Mutual Bank and a Namibian bank have put the retirement funds of 26 000 municipal workers in South Africa at risk

  • Sabelo Skiti
6 min read