Just over two years after VBS Mutual Bank was placed in liquidation, the first people were arrested for what is described as “the biggest bank robbery that South Africa has ever seen”.
In a statement, the EFF says that they welcomed the arrest of people who are accused of corruption in the VBS scandal. The EFF also welcomed the commitment by the DPCI by conducting these investigations and that everyone involved in the wrong will be help accountable.
The EFF says that there was no wrongdoing by their party in the statement.
Pauli Van Wyk said on Twitter that the VBS chair was one of the 8 arrested relating to the fleecing of the bank. According to Van Wyk, the VBS chair ordered money to be paid to the EFF.
#VBS' chair #TshifhiwaMatodzi is one of 8 arrested relating to the fleecing of the bank. I wrote about his role here, and showed how he ordered money to be paid to the #EFF leaders' front company as "lobbying fees" & because the account was "strategic". https://t.co/cwWbDOSVoh— Pauli Van Wyk (@PaulivW) June 17, 2020
A question was raised earlier about the money trail Daily Maverick reported on the involvement of Julius Malema, EFF leader, and Floyd Shivambu, EFF deputy leader at VBS. The Hawks says the practice is that the people under investigation are not named. The Hawks aren’t going to confirm who’s being investigated.
See the full statement by the EFF below: