South Africa

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

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

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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