EFF deputy president and party parliamentary chief whip Floyd Shivambu's younger brother Brian has been slapped with two lawsuits by VBS curator Anoosh Rooplal over his R5.5m debt allegedly owed to the collapsed bank.
EFF deputy president and party parliamentary chief whip Floyd Shivambu's younger brother Brian has been slapped with two lawsuits by VBS curator Anoosh Rooplal over his R5.5m debt allegedly owed to the collapsed bank.
In his first application, which sought to sequestrate Brian, Rooplal argued that the businessman signed as surety on behalf of his company for a loan of R4m. "The claim arises from the respondent's obligations for having stood surety for the debts of Sgameka Projects... to VBS," reads the affidavit. However, according to the statements of account annexed to the papers, Brian allegedly defaulted on the repayments for nine months and was as of April 2019 in arrears of R1.7m and a total amount due to the bank was standing at R1.9m.
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