Digital transactions with the VBS Mutual Bank, the information of which “cannot be erased” can lead to the turmoil of Julius Malema, EFF leader, and his deputy, Floyd Shivambu.
Pauli van Wyk, investigative journalist at the Daily Maverick who sparked the VBS banking scandal, says the EFF leaders “can jump up and down, the evidence against them is clear”.
Seven former VBS officials were arrested by the national prosecuting authority on Wednesday. Van Wyk, a member of the Daily Maverick Scorpio investigation team, says the noise they make now, makes them look more suspicious.
After adv. Shamila Batohi, National Director of Public Prosecutions (NDPP), said last week that the VBS scandal is the biggest “robbery” of its kind in South Africa’s history, Shivambu wrote on Twitter, among others: “Wow! So the billions plundered under apartheid, the billions of workers’ pensions lost due to Steinhoff. . . the CR17 billion and the Grindrod grants billion don’t count in the books of the Jamnadas NDPP? “
Jamnadas” is a dismissive reference to Pravin Gordhan.
Van Wyk says that’s how scared people talk.
“At this stage, the SA Revenue Service and the NPA are looking at them, so they know they have problems. That’s also why they attack the NPA and the judges of the country. That’s an indication they know they’re in trouble. “
The Hawks and NPA say more individuals involved in the R2.3 billion banking scandal will soon be caught.
One of those arrested on Wednesday morning is Tshifhiwa Matodzi, former VBS chairman who allegedly received hundreds of millions of stripped money.
Accused no. 3, Philip Truter, was quarantined after apparently testing positive for Covid-19 and did not appear in the Palm Ridge Regional Court in Gauteng on Thursday with the other six. They were granted bail of R100 000 each.
Truter was saam met Andile Ramavhunga VBS se finansiële hoof. Die ander is Phophi Mukhodobwane, Nhlanhla (Sipho) Malaba, lt.genl. Phalaphala Avhashoni Ramikosi, Ernest Nesane en Paul Magula.
They face 47 charges of fraud, corruption, theft and embezzlement.
The VBS prosecution is particularly closely watched as it may have implications for Malema and Shivambu’s political ambitions. Journalist Max du Preez predicted on Friday in Vrye Weekblad that the political temperature in the country will therefore rise significantly in the coming months.
“Although only half of the evidence uncovered by Pauli van Wyk remains in court, Malema and Shivambu will be jailed for a very long time – and that will fundamentally change the political scene in South Africa,” Du Preez said. written.
The DA filed a criminal complaint against the EFF in November 2018 after new revelations that the party “directly benefited” from the looting of VBS.
A damning report by the Reserve Bank also revealed Shivambu’s brother Brian’s company Sgameka Projects received more than R16m from the bank. Floyd reportedly got R10m of that and the EFF about R1m.
The party describes the allegations as “an attack by the enemy” and rejects it.
VBS money was apparently also transferred to Malema and the EFF by two companies run by Brian Shivambu and Malema’s cousin Matsobane Phaleng respectively.
Scorpio found at least R5.3m of Sgameka’s R16m was transferred to Phaleng’s Mahuna Investments. Mahuna and Sgameka were apparently only front companies used to move money.
According to the Daily Maverick , R1,8m of VBS money was deposited into EFF’s coffers via virtual companies. In addition, R430 000 was spent on a luxurious house in Sandown, Johannesburg, where Malema lived for a while. This property was later sold to the EFF for R5 250 000.
Scorpio analyzed a number of bank statements from Mahuna Investments and concluded that Malema used a bank card belonging to the company.
Source: Rapport, Daily Maverick, News24