Get more Mail & Guardian
Subscribe or Login

Malema: Floyd brought us his financial statements

Economic Freedom Fighters (EFF) leader Julius Malema has cleared party deputy president Floyd Shivambu of wrongdoing related to the VBS Mutual Bank scandal after seeing his financial statements.

Shivambu took the party’s leaders “into his confidence” by disclosing his financial statements dating back to 2014 after allegations emerged that he received R10-million in the extensive looting that has rocked the bank and affected many poor communities in Limpopo.

“He brought his financial statements to us. We cannot locate money from the VBS,” Malema said in a press briefing on Tuesday.

“We have asked for statements as officials as far back as 2014. And we were satisfied,” Malema said.

The party has responded to the allegations almost a week after the ‘Great Bank Heist’ report, authored by Advocate Terry Motau, first emerged. The report states that alleged perpetrators of looting at the mutual bank stole R2-billion which was disbursed to 53 individuals and companies received R1.9-billion over three years from the bank.

READ MORE: PIC, VBS, Floyd and his baby brother

Shivambu’s younger brother, Brian, has been named as one of the 53 implicated in the report. He is said to have received undue gratuitous payments that total R16-million.

The Daily Maverick later reported that the elder Shivambu had allegedly received R10-million from the scam.

But Malema and the party have stood their ground on what they claim is Shivambu’s innocence.

“You are asking why are we not taking action against Floyd. Based on what?,” Malema said on Monday.

“If Floyd has taken any money he will be punished accordingly,” Malema said.

The EFF’s leader has called on the South African Reserve Bank and anyone else with information about the alleged payments to share the information with the party so it can investigate.

Malema further confirmed that Brian Shivambu worked for the EFF, selling party merchandise, but is no longer in the EFF’s employ.

The EFF’s second-in-command has meanwhile denied ever receiving R10-million.

“There’s never been R10-million that came into my account,” Shivambu said.

He said that such reports are the results of a “propaganda campaign” to discredit the party in the run up to the 2019 general elections.

READ MORE: Shivambu blames ‘weapons of mass deception’ for alleged VBS links

“We never took any money from VBS and anyone that thinks so is mad,” Shivambu said.

The source of this alleged propaganda campaign, Malema charged, is a faction led by Pravin Gordhan. The EFF leader did not provide evidence of this claim, however. The Sars “rogue unit” did exist, Malema claimed, despite many findings that indicate otherwise.

Criminal charges have yet to be brought against those named in the VBS report.

Subscribe to the M&G

Thanks for enjoying the Mail & Guardian, we’re proud of our 36 year history, throughout which we have delivered to readers the most important, unbiased stories in South Africa. Good journalism costs, though, and right from our very first edition we’ve relied on reader subscriptions to protect our independence.

Digital subscribers get access to all of our award-winning journalism, including premium features, as well as exclusive events, newsletters, webinars and the cryptic crossword. Click here to find out how to join them.

Raeesa Pather
Raeesa Pather
Ra’eesa Pather is a Cape Town-based general news and features journalist.

Related stories

Advertising

Subscribers only

Soweto teacher dismissed for the alleged repeated rape of a...

The learner was 13 when the alleged rapes started, and they continued for two years until she asked to be moved to another school

First-of-its-kind rangeland atlas pushes for protection

Rangelands are ‘nature’s gift to humanity’, but have been overlooked, neglected

More top stories

Court refused murder-acused Kilian’s application for particulars, bail dates are...

Zane Kilian has been denied further information into the charges against him, which include murder, unlawful interception of communications and fraud

Soweto teacher dismissed for the alleged repeated rape of a...

The learner was 13 when the alleged rapes started, and they continued for two years until she asked to be moved to another school

MKMVA accuse top six of being factional in collapsed meeting

A defiant MKMVA has vowed it is business as usual, after a meeting with the top six ended with the military veterans being kicked out of the virtual platform

Gumede graft trial likely to begin only in July next...

The state has added racketeering to the charges faced by the former eThekwini mayor and 21 others, but logistics are likely to delay their trial until mid-2022
Advertising

press releases

Loading latest Press Releases…
×