How VBS scheme broke Namibian bank

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How VBS scheme broke Namibian bank: Businesspeople from SA, Namibia and Zimbabwe, a cash delivery firm in Benoni that allegedly handles R500 million a month, a supermarket chain, and an oil company in the DRC are linked to massive VBS fraud scandal

Source: News Formal (newsformal.com)

 

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How 🇳🇬 missed this massive opportunity?

Criminals....

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VBS scandal: 4 ANC mayors linked to VBS looting sackedtshidi_lee What's new tshidi_lee With prove I hope not just allegations tshidi_lee This VBS Saga is so bizarre and puzzling, It's Been Months and Weeks since money was stolen from the poor by the greedy corrupt politicians and still no one has been arrested, charged, prosecuted and jailed for this
Source: News24 - 🏆 4. / 80 Read more »

VBS scandal: 4 ANC mayors linked to VBS looting sackedThe ANC in the North West’s provincial task team decided to recall, with immediate effect six of its mayors in the province, including four who had invested money from their municipalities in the collapsed VBS Mutual Bank. But, like most of Africa's despots, they refuse to resign. This is the ethical and moral staple of politicians in Africa. Little wonder that on the scale of global advancement, Africa has gone backward. ANC responsibility to resuscitate the VBS Mutual bank. If it's so love the people, it's constituency and the African people in general. JusticeForVBS N da looters in red wat action did they take
Source: mailandguardian - 🏆 2. / 92 Read more »

ANC sacks 4 mayors linked to VBS saga & 2 others in NWThe ANC provincial task team in the province says the mayors failed to play an oversight role when money was invested in the embattled VBS Mutual Bank. Yet another missed opportunity! The story should be about the ANC having sacked their own members & laying criminal charges against them for the VBS saga. That would send a clear message to those implicated in malfeasance and wrongdoing. As it is, no personal consequences
Source: ewnupdates - 🏆 30. / 53 Read more »

VBS Bank scandal: Seven mayors axed in North West | IOL NewsThe ANC in North West fired seven mayors -- four of which are involved in the VBS investment debacle, the PTT said. Let them keep looting, we voted for this government therefore we deserve everything they putting us through. Are you going to recover the money They are not necessarily fired. They will pop up in other departments, that's how ANC deals with corruption. They must be held personally liable
Source: IOL - 🏆 46. / 51 Read more »

Former VBS CEO wants to challenge 'bank heist' report findings at ConCourtFormer VBS CEO Andile Ramavhunga says he will launch a Constitutional Court bid challenging the Financial Sector Regulation Act, which Advocate Terry Motau relied on in his report on the failure of the mutual bank. Waste of time and money. Let it GO mheidtman They belong on a toilet roll Someone will scream...Racism...😏
Source: mailandguardian - 🏆 2. / 92 Read more »

Former VBS CEO wants to challenge 'bank heist' report findings at ConCourtFormer VBS CEO Andile Ramavhunga says he will launch a Constitutional Court bid challenging the Financial Sector Regulation Act which Advocate Terry Motau relied on in his report on the failure of the mutual bank. Fin24 Let me gues ? I never knew ?These allegations are false , and are being driven by my enemies in WMC. Fin24 He looted enough to pay for 10 Con Court hearings- or put differently- he dont care about the legal costs- POOR PPL's money wasted there.💼💰💰 Fin24 I was wandering uri kani VBS a ina CEO
Source: News24 - 🏆 4. / 80 Read more »

NW ANC refers 6 mayors to integrity committee over VBS Mutual Bank linksThe African National Congress (ANC) in the North West says that it has referred six mayors to the party's integrity committee, four of whom are implicated in the VBS Mutual Bank saga. Sooooo long..7 days after story breaking makes sense...clearly lots of negotiations to white wash the situation...they will be let of the hook. Has the ANC laid criminal charges against the dismisseld mayors involved in VBS scandal. Not good enough to just remove them from office. What motivated them? Must have received some benefit for placing funds with VBS. Also who was instructing them to do so?
Source: ewnupdates - 🏆 30. / 53 Read more »

Calls mount for councils to be dissolved over VBS scandal | IOL NewsRecalling only mayors for alleged involvement in the VBS Bank scandal is not enough, the DA in North West said.
Source: IOL - 🏆 46. / 51 Read more »

Shivambu used VBS money for flatMore than R400 000 of illicit VBS Mutual Bank funds was used by Brian ­Shivambu, brother of EFF’s deputy president Floyd, as a deposit to purchase a R2.7-million townhouse in Fourways, Johannesburg. jikat and Subz_84 report. Mail guardian tell us who Gave brain that money or brain broke into vbs n transferred money to his bank account? Izigebengu EFFSouthAfrica . These hypocrites act like they care about black people when infect they give no damn. bloody hypocrites, bullying everyone arround. These are hooligans. What's the beef btwn M&G and the Shivambu's?
Source: mailandguardian - 🏆 2. / 92 Read more »

Hawks brief Parly committee on ongoing state capture, VBS Bank looting probesHawks head general Godfrey Lebeya says 800 statements have been taken in the R2.4 billion fraud, money laundering and state capture case involving Eskom and Tegeta.
Source: ewnupdates - 🏆 30. / 53 Read more »