Organisations affiliated to the ANC in Limpopo have called for the re-establishment of the VBS Mutual Bank amid a fresh storm over top party officials implicated in its alleged looting.
The bank was liquidated after an order was granted by the North Gauteng High Court in 2018.
A subsequent report by advocate Terry Motau painted a picture of a grand looting of R2bn at the bank. The report implicated high-ranking political figures, including Limpopo ANC deputy chairpersonEFF deputy president Floyd Shivambu has also been implicated in the looting through payments made to his brother, Brian Shivambu.
You can’t charge people because of allegations and therefore that is why we said after almost two years these comrades must come back.”Soviet Lekganyane, speaking against their reinstatement.
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