Search Results: looting

VBS looting: ANC mayors linked to banking scandal refuse to step down

The mayors of the Maquassi Hills, Mamusa and Kagisano Molopo councils were instructed to resign 'in the interest of public confidence'

VBS scandal: 4 ANC mayors linked to VBS looting sacked

It has emerged that several North West municipalities invested R314-million in the bank

Presidency denies Ramaphosa’s knowledge of VBS looting

On Sunday, the City Press newspaper reported that Ramaphosa was allegedly briefed about widespread corruption at VBS early in 2017

‘Fake goods’ spark looting

In your morning news roundup: Soweto was hit by riots on Wednesday that left two people dead

‘Looting R6bn from state is not enough’ — Ajay Gupta

Mcebisi Jonas alleged that in October 2015, the Gupta family offered him a promotion and a bribe of R600-million

‘Looting R6bn from state is not enough’ — Ajay Gupta

The former deputy minister of finance testified that Ajay Gupta told him that the family was ‘in control of everything’

Former VBS boss only heard of ‘looting’ after it happened, advocate argues

During proceedings on Wednesday, Robert Madzonga’s advocate, said his client only became aware of the looting on March 11 this year

Treasury confirmation — Eskom looting was an inside job

The revelations are contained in a near 500 page draft forensic report by national treasury into the capture of Eskom and Transnet

VBS chair’s family trust implicated in bank’s looting

The records of the Shimba La Ndou Family Trust, one of the many entities that received questionable payments, are attached to the court application

The plans to expand VBS if ‘looting’ wasn’t exposed

VBS Mutual Bank was set to become a commercial bank

Further PIC bloodletting in wake of VBS looting

The PIC crisis comes as the embattled VBS bank was placed under curatorship in March after Reserve Bank discovered liquidity issues

Looting of Africa calls for action

Top-down regulatory measures come to naught, so the battle must be fought from the bottom up

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