VBS Bank saga: Two of seven suspects pays R100K bail
Two suspects accused of being involved in the looting of VBS Mutual Bank have paid the R100,000 bail, confirmed the National Prosecuting Authority .
He denied ever being involved in fraud or the looting of the bank, adding that he never received R15 million in illegal proceeds as alleged in the indictment. Former VBS director and board chair Thsifiwa Matodzi, through his legal representation, argued that he was not a flight risk and added that keeping him incarcerated any longer put him at further risk of contracting Covid-19.
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