Media Memo and Call for Media Accreditation: World AIDS Day 2021 Commemoration Event thepresidency.gov.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thepresidency.gov.za Daily Mail and Mail on Sunday newspapers.
The VBS pre-trial where 14 people are accused of racketeering, money laundering, theft and fraud, has been postponed to January. The VBS pre-trial where 14 people are accused of racketeering, money laundering, theft and fraud, has been postponed to January.
Municipalities irregularly invested public funds with VBS, Mkhwebane finds news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
Seven suspects in VBS corruption case due in court Citizen reporter They face charges on a combined 188 counts which include theft, fraud, corruption, money laundering and racketeering.
Seven suspects arrested for their alleged involvement in the looting of VBS Mutual Bank are expected to appear in the Palm Ridge Magistrate’s Court on Friday.
They face charges on a combined 188 counts which include theft, fraud, corruption, money laundering and racketeering.
It is understood that two prominent ANC politicians in Limpopo are among those who were arrested after they were issued with warrants of arrest.
“The arrested include a managing director of VBS responsible for retail, a former chief operating officer of VBS and CEO of Vele Investments, four commission agents and an office bearer of a political party
In a 206-page indictment detailing the 2018 implosion of VBS Mutual Bank, 14 men are now charged with a total of 188 counts of theft, fraud, money laundering, corruption, racketeering and contraventions of provisions in the Prevention of Organised Crime Act (Poca) and the Prevention and Combating of Corrupt Activities Act (Precca). These alleged crimes relate to the looting and subsequent implosion of VBS Mutual Bank between 2015 and March 2018.
The latest arrest comes about nine months after the first group of seven accused pleaded not guilty to the crimes against VBS. Former CFO Philip Truter was the only defendant to plead guilty in a plea bargain that offered him lesser jail time in exchange for turning state witness.