“I want to tell you now that if there is any municipality that can say we put money into the VBS because Malema said we must do that, I will resign all the positions of the EFF without hesitation,” said EFF leader Julius Malema in a conversation with journalists on Thursday, 25 June 2020.for looting billions from VBS Mutual Bank, which largely relied on deposits from municipalities across the country.
The briefing was attended by Samkele Maseko from SABC, Aldrin Sampear from Power 98.7, Matshidiso Madia from News24 and Mahlatse Mahlase from Eyewitness News. Radio presenter Eusebius McKaiser was also invited but was unable to attend, according to the EFF. “I’ve never benefited any cent from VBS and why would I benefit from VBS, in exchange for what?” he asked.“The money my brother uses is not the money of VBS. It’s the money of his company that comes from all types of sources.”While Malema denied he or his cousin ever benefited from the VBS loot, he said he would not know if he had ever benefited from the Mahuna bank card, for example, if his cousin was paying for a meal.“What he does with his own money and his own card is none of my business.
The On-Point Engineering case was struck off the court roll in 2015, but prosecutors revived the case in 2019. This time, however, they did not charge Malema.
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