Mail & Guardian
Mail & Guardian
hein van der merwelatest news & developments

Case of municipal manager who got luxury gifts for depositing public funds in VBS will go to trial

Tsakane Ngobeni received holidays, expensive watches and beauty treatments from another VBS Mutual Bank accused

Victims of the VBS Mutual Bank (VBS) scandal who lost their life savings say it is ironic that Economic Freedom Fighters (EFF) members are demanding the return of “stolen” land while failing to pay back the money they allegedly received unlawfully from the bank.

R2.3-billion VBS Mutual Bank heist trial to start soon

The state has finalised its charge sheet and is ready to prosecute the alleged bank looters

‘We are all innocent,’ VBS eight tell court

The National Prosecuting Authority believes it has ‘a very strong case’ and wants to begin the VBS Mutual Bank trial

Trial date: The VBS heist trial is expected to begin only in early 2022. Photo: Delwyn Verasamy

R2.3bn VBS trial expected to only begin in 2022

The state is expected to request a 16 week-long trial, as delays stymie progress in the saga.

Frustration reigned at the R2.3-billion VBS Mutual Bank heist court case after another postponement, with one of the accused’s lawyers arguing that his client was suffering financial prejudice because of the state’s alleged ineptitude.

VBS case delays cause massive frustration

A certificate is needed from the head of the NPA for more arrests to be made

Trial date: The VBS heist trial is expected to begin only in early 2022. Photo: Delwyn Verasamy

How graft arrests came together

Learning from its failure to turn the Schabir Shaik conviction into one for Jacob Zuma, the state is now building an effective system for catching thieves. Khaya Koko, Sabelo…

Seven of the defunct bank’s top executives appeared at the specialised commercial crimes court sitting in Palmridge on Thursday.

More arrests expected in the R2.3bn VBS heist

Prosecutors tell the court that more people will be charged and additional charges will be added to the seven accused in a new charge sheet