Simelane allegedly took a R575 600 “commercial loan” from Gundo Wealth Solutions, owned Ralliom Razwinane brokered unlawful investments
Simelane used the “loan” to buy a coffee shop in October 2016Civil society organisations have also joined the fray calling on Justice Minister Thembi Simelane to urgently clarify corruption allegations that she was embroiled in the Venda Building Society Mutual Bank scandal.
Simelane allegedly took a R575 600 “commercial loan” from Gundo Wealth Solutions, owned by Ralliom Razwinane, and brokered unlawful investments of R349 million into the now defunct VBS Mutual Bank by the Polokwane Municipality while she was mayor of the city in 2016.The organisations questioned whether it was appropriate for Simelane to have entered into the loan agreement, considering the apparent connection to unlawful deposits into VBS bank by the same municipality in which she was mayor.
“South Africa has, on far too many occasions in recent years, suffered the effects of compromised individuals having a negative impact on the justice sector, and from the ravages of corruption. We continue to see the harm caused to governance institutions by unsuitable individuals, and how difficult it is to repair the damage they cause.
Investigators found these to be corrupt transactions and contraventions of the Municipal Finance Management Act.
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