Former Fetakgomo-Tubatse municipal manager received a suspended five-year sentence in the R230 million VBS scandal, marking another chapter in South Africa's ongoing battle against municipal corruption.
Former municipal official arrested in connection with the VBS scandal. File Picture: Antoine de RasFormer Fetakgomo-Tubatse municipal manager, Johannes Mohlala, who illegally invested R230 million of public funds in the now-collapsed VBS Mutual Bank, was handed a suspended five-year prison sentence in the High Court in Pretoria .
The court suspended his prison term for five years on condition he does not commit a similar offence during this period. These investments were made in direct contravention of municipal finance regulations, which prohibit municipalities from investing in mutual banks. The three accused were initially arrested in Pretoria on November 16, 2021, following an extensive investigation into the municipality's illegal VBS investments.
Court Corrupt Practices Corruption Arrest Public Finance Investigation (Criminal) Saps Vbs Mutual Bank Pretoria Money Laundering Corruption Crime And Courts High Court Vbs Scandal Investigations Municipality Investing
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