The suspect was arrested for allegedly transferring R50 million of municipal funds into VBS Bank.
, puts the total number stolen from the bank at R1.89 billion, and recommended that more than 50 individuals be criminally charged and held liable in civil proceedings.
It was reported that the EFF has been accused of receiving R16 million from the bank. EFF leader Julius Malema has announced he will be publicly interrogated on the VBS Bank saga by a panel of journalists on Thursday. National director of public prosecutions advocate Shamila Batohi recently briefed the country on the progress of prosecutions after the disappearance of over R2 billion, which led to the liquidation of VBS Bank.Malema tweeted that following Maseko’s questioning at the briefing, he then challenged the journalist to put together five of his colleagues from media houses he trusts, who would publicly interrogate the EFF leader on the bank scandal.
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