The liquidator of VBS Mutual Bank is still awaiting legal advice before deciding what his next steps are against former president. Jacob Zuma who owes this bankrupt bank millions of rands.
So says Louise Brugman, spokeswoman for liquidator Anoosh Rooplal.
Zuma owes VBS R7.3m for its Nkandla home.
The 77-year-old Zuma, who was treated at the hospital last week, may lose Nkandla.
The land on which Nkandla was built apparently does not belong to him, but to the Ingonyama Trust and that is probably what Rooplal obtained legal advice.
Zuma initially borrowed R7.8m from the bank, but later went into arrears with the installments.
He had to take out the loan after Adv. Former public protector Thuli Madonsela has found in an investigation that he himself has to pay for some security renovations to his estate.
The VBS Mutual Bank folded in 2018 after more than R1bn was allegedly looted by the bank’s directors. The Reserve Bank then placed the bank under curate.
Several municipalities in particular Limpopo and North West, which have invested large sums of money in the bank, have been in debt ever since.
The EFF is also involved in the scandal.
Hawks head Godfrey Lebeya said in an interview that the Hawks hope to take action soon against individuals involved in looting the bank. It is believed that a dossier has already been handed over to the national prosecuting authority for a decision.
Lebeya says the Hawks will not act in a hurry.
“At certain levels we are ready, but at other levels there is still good to be done.”
He says the Hawks want to stop any loopholes.
Rooplal held a second meeting with the bank’s creditors on Friday in Polokwane.
A total of 610 retail depositors, including individuals, stokvel associations, law firms and church groups, each investing more than R100 000 into VBS, also filed their claims and it was accepted.
There are also 17 employees of VBS who have filed claims.
According to Rooplal, the requirements of the Reserve Bank and the Public Investment Corporation were also accepted.
Final sequestration orders have been issued against former VBS officials.
The liquidation applications for four more companies would be heard on Monday.