POLL | Do you believe former VBS boss Tshifhiwa Matodzi blew all the stolen millions?

16 July 2024 - 13:43 By TIMESLIVE
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Former VBS Mutual Bank chairperson Tshifhiwa Matodzi was sentenced to 15 years in prison. File image.
Former VBS Mutual Bank chairperson Tshifhiwa Matodzi was sentenced to 15 years in prison. File image.
Image: Mduduzi Ndzingi/ Ferrari/ Mercedes Benz/Porsche/Range Rover (Combined by Modiegi Mashamaite)

After living the life of a multimillionaire former VBS Mutual Bank chairperson Tshifhiwa Matodzi, before his conviction, seemed to have been as cash-strapped as the pensioners he robbed.

Sunday Times reported Matodzi moved into a back room at his ex-wife's home in Randburg during his trial for his role in the collapse of the bank.

Many people on social media debated whether he had become penniless.

Some argued he was suffering as a result of pensioners' tears while others believed he might have millions for life after prison. He was sentenced to 15 years in jail.

TimesLIVE


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