The state has finalised its charge sheet and is ready to prosecute the alleged bank looters
The National Prosecuting Authority believes it has ‘a very strong case’ and wants to begin the VBS Mutual Bank trial
Former ANC youth leader Kabelo Matsepe set to protest his innocence after arrest by the Hawks
Danny Msiza and Kabelo Matsepe will become the first politicians to be face charges for alleged complicity in the scandal
The NPA has confirmed that the trial of the expected 10 accused in the VBS heist will be a marathon
The state is expected to request a 16 week-long trial, as delays stymie progress in the saga.
A certificate is needed from the head of the NPA for more arrests to be made
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
Phillip Truter, the former chief financial officer of the defunct mutual bank who pleaded guilty to fraud and other charges, will work with authorities on how the alleged heist took place
Forensic investigation discovers anomalies in withdrawals, but top executives approved them
Paul Magula and Ernest Nesane both sat on the board of VBS to guard the PIC’s interests
Corruption pays: The multimillionaire who sold off SA’s fuel reserves, and Fired PIC exec ‘lied’ about VBS bank bribes
When Paul Magula testified this week about malfeasance, he should have recalled what he reportedly told the VBS investigators
Paul Magula was dismissed by the PIC in April 2018 for poor performance and failing to protect the PIC from risk and financial loss at VBS
The report recommended that more than 50 individuals be criminally charged and held liable in civil proceedings
The PIC recently announced it was appointing a forensic investigator to look into its investment in the embattled VBS Mutual Bank
A major BEE firm and business leaders took Bantu Holomisa to court after he wrote President Cyril Ramaphosa an open letter
Fedusa wants the pair to be declared delinquent directors for ‘failing to apply the highest standards of ethics and good corporate governance’
The PIC crisis comes as the embattled VBS bank was placed under curatorship in March after Reserve Bank discovered liquidity issues