VBS bank case heading to High Court as more suspects added

The case came briefly before the Palm Ridge Magistrate’s Court on Tuesday morning, when it was postponed due to additional suspects, that the state has its eye on, to be added and for transfer to the High Court.The court heard on Monday, though, that the state had not yet been able to secure a special certificate it needs from the National Director of Public Prosecutions for the addition.

Eight people were originally arrested last year, among them former VBS executives Tshifhiwa Matodzi, Andile Ramavhunga, Phophi Mukhodobwane and Philip Truter, as well as Ernest Nesane and Paul Magula, who both came from the Public Investment Corporation; Phalaphala Ramikosi, the police’s former chief financial officer ; and Sipho Malaba, formerly from KPMG .

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