Dailymaverick logo

Maverick News

Maverick News

Watch: The pillaging of VBS Mutual Bank – Daily Maverick journalists unpack the fraud at the heart of the bank’s failure

Watch: The pillaging of VBS Mutual Bank – Daily Maverick journalists unpack the fraud at the heart of the bank’s failure
Although VBS Mutual Bank collapsed six years ago, it has been in the headlines this month following an affidavit by its former chairperson, Tshifhiwa Matodzi, that could well prove to be a smoking gun for many of the perpetrators of the fraud at the heart of the bank’s failure. In this video, journalists Pauli van Wyk and Neesa Moodley explain what happened.

https://www.youtube.com/watch?v=geMQgBnaHC0

Read more: Ex-VBS chair lifts the lid on how Julius Malema and Floyd Shivambu grabbed R16.1m from dying bank

Categories: