Five more arrested in VBS heist drama Updated
Andrew Robertson
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There have been more arrests in the VBS heist saga. The Hawks have taken five people into custody following raids in Gauteng and Limpopo earlier today.
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They ve been charged with theft, fraud, corruption, money laundering and racketeering in connection with the looting of over R2 billion of customers savings and investments at the mutual bank.
Katlego Mogale is the spokesperson for the Hawks. The arrested suspects include a General Manager of VBS responsible for credit facilities, a former Chief Operating Officer of VBS and CEO of Vele Investments.
Net closes on VBS looters with 5 suspects nabbed, more to hand themselves in Updated
JacarandaFM News
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The arrested suspects include a Managing Director of VBS responsible for Retail; a former Chief Operating Officer of VBS and Chief Executive Officer of Vele Investments; four commission agents, and an office-bearer of a political party in Limpopo.
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The Directorate for Priority Crime Investigation has arrested five suspects in an early dawn raid at various places in Gauteng and Limpopo Provinces.
The suspects are believed to have had a hand in the VBS looting and will be answering to charges relating to a combined 188 counts which include theft, fraud, corruption, money laundering, and pattern of racketeering activity.
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The Hawks have arrested a total of seven people in early morning raids in connection with the looting of VBS Mutual Bank.
They were arrested at various places in Gauteng and Limpopo.
They will be charged with theft, fraud, corruption, money laundering and racketeering.
Seven people are in custody in connection with VBS Mutual Bank looting allegations, following early morning raids by the Hawks on Thursday.
The Hawks conducted the raids at various places in Gauteng and Limpopo. Some people handed themselves over. They are expected to be charged with theft, fraud, corruption, money laundering and racketeering, and are scheduled to appear in court on Friday.
The Hawks on Thursday arrested five suspects in early dawn raids in Gauteng and Limpopo for their alleged involvement in the looting of hundreds of millions of rands from VBS Mutual Bank.
VBS Mutual Bank case postponed to March to add more accused 26 January 2021 - 14:27 Seven suspects arrested in connection with the multibillion-rand plundering of VBS appeared in the Palm Ridge Regional Court on October 8 2020. They appeared again on Tuesday and their case was postponed until March 26. Image: ALON SKUY
The case against seven people arrested in connection with the plundering of VBS Mutual Bank was postponed on Tuesday until March 26.
The prosecution asked the specialised commercial crimes court to give it time to add three further accused and more charges.
It said it had not yet obtained a certificate from the National Director of Public Prosecutions (NDPP) Shamila Batohi for more charges to be added.