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VBS Mutual Bank ‘looters’: theft on a staggering new level

19 June 2020 - 05:50
By Sipho Masondo
VBS suspects appear in the Palm Ridge Regional Court, on 47 counts of fraud, racketeering, corruption, theft and money laundering.
Image: ALON SKUY VBS suspects appear in the Palm Ridge Regional Court, on 47 counts of fraud, racketeering, corruption, theft and money laundering.

The 80-page indictment sheet for the VBS Mutual Bank top brass reveals a complicated web of transactions and shell companies. 

We break down the allegations​.

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