Sarb heads to court to have VBS Mutual Bank liquidated

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The South African Reserve Bank’s prudential authority says the bank is hopelessly insolvent and beset by massive fraud.

 

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It is easy to close down a bank owned by blacks when they saved African Bank. White media gave a reason to celebrate! 're billion squandered by (named and dhamed) blacks R100 billion looted by (deliberately anonymous) whites!

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Court orders liquidation of VBS Mutual BankThe High Court in Pretoria has ordered the liquidation of VBS Mutual Bank.
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Court orders liquidation of looted VBS Mutual BankVBS Mutual Bank will be liquidated after an application by the SA Reserve Bank’s Prudential Authority was unopposed at the Pretoria high court on Tuesday. How is this possible ? How come no one opposed this? EFFSouthAfrica thought u were opposing this application At which capacity was the EFF supposed to oppose it? The Anc as the government was supposed to oppose it as per their parliamentary proposal.But like always they decided to let it liquidated
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VBS Mutual Bank – when politics trumps protecting the poorOn Tuesday the ANC parliamentary caucus was briefed on the VBS Mutual Bank discussions at the weekend ANC special National Executive Committee (NEC). The impact of the VBS saga on ordinarily people was affirmed there with ‘dismay’, and it was re-affirmed that “those found guilty of wrongdoing must face the wrath of the law”.
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