Former VBS Bank CFO Phillip Truter says he'll plead guilty

South Africa News News

Former VBS Bank CFO Phillip Truter says he'll plead guilty
South Africa Latest News,South Africa Headlines
  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 59%

Former VBS CFO Phillip Truter on Monday morning indicated he intended to plead guilty to the charges he faces.

The VBS Mutual Bank accused during their first appearance in the Palm Ridge magistrate's court a few weeks ago.The former CFO of VBS Mutual Bank, Phillip Truter, on Monday morning indicated he intended to plead guilty to the charges he faces.

Truter, who was arrested at the weekend, was in Covid-19 quarantine when his seven co-accused were arrested. Truter was granted bail of R50,000. He was ordered to hand over his passport and is prohibited from travelling outside SA.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TimesLIVE /  🏆 28. in ZA

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.

WATCH: VBS Mutual Bank's former CFO Philip Truter granted R50K bailFormer VBS Mutual Bank chief financial officer Philip Truter, who faces 47 charges relating to the mass looting of the VBS Mutual Bank has been granted R50 000 bail, the NPA said.
Read more »

UPDATE: Ex-VBS CFO Philip Truter granted R50k bail in looting matterUPDATE: Ex-VBS CFO Philip Truter granted R50k bail in looting matterTruter allegedly failed in his primary duty to manage financial risk for VBS and his fiduciary duty to report all irregularities.
Read more »

Reinstatement of VBS-linked mayor sends free-for-all messageBy refusing to hold Florence Radzilani to account, the ANC has in effect condoned members’ corrupt behaviour
Read more »

Eighth VBS Bank suspect Philip Truter granted R50K bailEighth VBS Bank suspect Philip Truter granted R50K bailThe suspect says he intends to plead guilty on charges in faces and turn state witness in the case.
Read more »



Render Time: 2025-02-26 18:22:58