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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
Former VBS chief operating officer Robert Madzonga’s wife Khosi’s Instagram account is filled with images of conspicuous consumption. Meanwhile thousands of Limpopo residents have lost their life savings. (Instagram)
ANOOSH ROOPLAL

Court bid to freeze VBS’s R80m

Community schemes service says money meant for VBS went into an FNB account

  • Sabelo Skiti
6 min read
Pule Mabe has been at Luthuli House for some years but is now ready for a new chapter
AFRICAN NATIONAL CONGRESS

ANC: Heads must roll over ‘alarming’ VBS Mutual Bank report

The report recommended that more than 50 individuals be criminally charged and held liable in civil proceedings

  • Jenna Etheridge
  • Kyle Cowan
3 min read
Supporters of Jair Bolsonaro, the far-right leader of Brazil’s Social Liberal Party, react during the election in Rio de Janeiro on Sunday. Bolsonaro openly holds democracy in contempt. (Pilar Olivares/Reuters)
ANOOSH ROOPLAL

Two more VBS execs provisionally sequestrated

Andile Ramavhunga was provisionally sequestrated, along with Robert Madzonga

  • Caryn Dolley
3 min read
In an affidavit, VBS bank’s curator Anoosh Rooplal had named Robert Madzonga as being among the “controlling minds” behind the alleged fraud saga. (Delwyn Verasamy/M&G)
ANOOSH ROOPLAL

Former VBS boss only heard of ‘looting’ after it happened, advocate argues

During proceedings on Wednesday, Robert Madzonga’s advocate, said his client only became aware of the looting on March 11 this year

  • Caryn Dolley
3 min read
Robert Madzonga. (Delwyn Verasamy/M&G)
ANOOSH ROOPLAL

Three VBS execs provisionally sequestrated, Vele liquidated

The sequestration and liquidation matter, which is ongoing, is being heard in the Johannesburg high court on Tuesday

  • Caryn Dolley
1 min read