FORMER President Jacob Zuma is studying the judgment granted to VBS to compel the former statesman to pay back the money for the controversial ‘security’ upgrades done at his Nkandla home.
Legal expert Advocate Mannie Witz believes there is still for former President Jacob Zuma to appeal the ruling which granted curators of VBS Mutual bank the green light to seize his assets.
The Pietermaritzburg high court on Tuesday granted VBS Mutual Bank curator Anoosh Rooplal an order forcing former president Jacob Zuma to pay back taxpayers' money that was spent on upgrades to his homestead in Nkandla.
VBS Mutual Bank can now seize former president Jacob Zuma’s cattle, furniture and other realisable assets to repay his R6.5-million loan for his homestead at Nkandla in KwaZulu-Natal. This on the back of an order in VBS’ favour by the High Court in Pietermaritzburg, delivered on Tuesday.
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