VBS looting kingpin pleads guilty to 33 charges as part of agreement
The man described as the kingpin behind the brazen looting of more than R2.2 billion from the VBS Mutual Bank has pleaded guilty to 33 charges including theft, fraud, money laundering and racketeering.
Former VBS chairperson Tshifhiwa Matodzi appeared in the Gauteng High Court in Pretoria on Wednesday, where he pleaded guilty as part of a plea and sentence agreement, which the State said it was satisfied with. Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
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