The Hawks’ wave of high-profile arrests is set to continue on the weekend with the focus shifting to the looting of the VBS Mutual Bank. Two sources with intimate knowledge said warrants of arrest for several ANC politicians who are considered to have influenced the deposits have already been signed, and that arrests are imminent.
The VBS Mutual Bank was liquidated after more than R2.5-billion in deposits from the government and community schemes and stokvels of poor pensioners in Limpopo province were looted. The loss included R1.5-billion in unlawful investments made by municipalities despite instructions from the treasury not to.
They will be asked to plead to a raft of charges including fraud, money laundering, and contravention of the Public Finance Management Act. Businessman Edwin Sodi, former Free State human settlements department head Nthimotse Mokhesi, and former Mangaung metro mayor Sarah Mlamleli are set to appear in the Bloemfontein high court on October 2. A seventh suspect, former national human settlements director general Thabane Zulu, handed himself over to the Hawks on Thursday afternoon.
He also referred to the Vrede dairy farm that never benefited black farmers, though millions were spent. Government officials involved in the awarding of the contract also got paid. Zulu had R600 000 paid to a car dealership where he bought a Range Rover, while provincial department head Nthimotse Mokhesi had R650 000 paid towards a property.
mheidtman Here’s hoping for more convictions and consequences.
juliecloete Well don't 'eye' it for too long.. Looking at something for too long often takes the appetite away..
juliecloete Emphasis on ANC LEADERS. THEY are the ones who instigate, drive and benefit from corruption. The guys arrested are just pawns in their game.
The way the MYANC funds itself is so clear and obvious. That’s why Cyril won’t sign the new funding law into power. DrZweliMkhize CyrilRamaphosa PresidencyZA JacksonMthembu_ mirriamp tito_mboweni
Siphoning is too nice a word,I'd go with systematic theft
francvdm Long time coming. Just don't take too long, Hawks. We're gatvol. Beware of an angry nation that rises up.
Neville27910284 BlackElitistEntitlement
Hawks are the ANC so how can ANC arrest ANC?
Where is your paulivw who made some to believe EFFSouthAfrica was responsible for vbs looting? Today you're telling us it is the ANC responsible for vbs looting.
TimModise Mabalandwe.... Re emetse tsona tseo
TimModise Rocket-science
Carl_CE50 Looking forward to this
(www) Who? When? Where?
But Pauli said the EFF collapsed VBS not the ANC, or is it..🤔
So it's now ANC on VBS and no longer EFF
VoetsekandfokofANC
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