The National Prosecuting Authority and the Special Investigating Unit have told Parliament that investigations into alleged wrongdoing in the VBS Mutual Bank scandal are at an advanced stage.
On the VBS mutual bank matter, the SIU said it is investigating why up to 15 municipalities invested in the former, Limpopo-based mutual bank when doing so was expressly forbidden by the National Treasury.SIU head Andy Mothibi said that he has seconded investigators to the Department of Cooperative Governance and Traditional Affairs to uncover exactly how much money has been lost — and who approved the deposits.
“This is one of the teams that are well resourced even in the DPCI [Directorate for Priority Crime Investigation] and we have a prosecutors team working very closely with them. There are at least three legs to this matter and one of them is at quite an advanced stage,” Batohi said.The global international holdings company lost about R282-billion in value after “accounting regularities” — allegedly at the hands of its former chief executive Markus Jooste.
Bopha Batohi, bopha!
Nowhere to run, let the law take its course, irrespective of who you are and where you are. Our country needs a fresh start, all corrupt officials and business people must be prosecuted to the full extent of the law, without fear, favour or prejudice!
What about rogue unit?
How long does it take to investigate that simple question..eish! SIU investigation skills leave much to be desired..
First go for those who looted the bank, pls. The why and the when will come later. I want to see thieves in orange overalls
Here's the answers: intention is to shared the interests and return the original amount invested in the coffers of the municipality.
The will investigate for years. And results moya feela
Anc municipality your bloody strutru🙄
Ayeye
If Jacob Zuma's arms deal is a standard to go by, TWENTY years and nothing!
Wasn't the same thing said early this year?🤔
Kunini with *advanced stage
Hey Fat Floyd, sleep tight, don’t let the bedbugs bite... NPA_Prosecutes is coming for you!
Great..hopefully we'll see some.of these psuedo-revolutionaries charged
Okay so how many stages do we still have to go? You say advanced stage but for all we know that might be stage 2 out of 20
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