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

Comments (2)

mgwenarisimati@gmail.com Aug 1, 2024, 04:11 AM

Thieves are in the vineyard trying to steal the harvest

Con Tester Jul 31, 2024, 12:52 PM

The NPA's and Batohi's ongoing calls for patience are becoming tedious. She's clearly a weak leader and/or not interested in prosecuting Pope Julius and Cardinal Floyd for some reason. Nothing in law requires the NPA to prosecute all of the related crimes together. They could do so one at a time.

Lackson Qoto Jul 31, 2024, 02:18 PM

Well, proof beyond reasonable doubt.... wishing them lots of luck getting a conviction against Julius and Floyd.