The Gauteng High Court in Pretoria has sentenced former VBS Mutual Bank chairperson Tshifhiwa Matodzi to 495 years in prison.
He will only serve 15 years in jail as the sentences for the other 32 charges will run concurrently with the first.
The Gauteng High Court in Pretoria has sentenced former Venda Building Society Mutual Bank chairperson Tshifhiwa Matodzi to 495 years for his crimes.As part of the agreement, he pleaded guilty to all 33 charges.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trio in court for R153 million VBS corruption matterSouth Africa Today, News source, provides breaking news on South Africa, world, Africa, sport, travel and more.
Read more »
Pietermaritzburg Court Dismisses Application to Transfer IEC Official’s Case to Electoral CourtThe Independent Electoral Commission employee arrested for moving election material without an escort failed to move his case to the Electoral Court.
Read more »
EFF suffers another court blow, set to approach Constitutional CourtThe Economic Freedom Fighters (EFF) has suffered yet another court blow against parliament, but plans to appeal the ruling.
Read more »
33 arrested in VBS Mutual Bank scandal: Hawks Head - SABC News - Breaking news, special reports, world,Hawks Head Godfrey Lebeya says they have made great strides in tackling serious crimes.
Read more »
ANC in Limpopo defends having MECs linked to VBS Bank heist in provincial CabinetLimpopo is one of five provinces in the ANC that won an outright majority in the recent general elections.
Read more »
VBS looting kingpin pleads guilty to 33 charges as part of agreementVBS looting kingpin pleads guilty to 33 charges as part of agreement
Read more »