The author of an explosive new book on the VBS Bank scandal has suggested that Floyd Shivambu may soon be arrested for his alleged ‘wrongdoing’.
The seven suspects appeared before the Palm Ridge Commercial Crimes Court where the matter was then postponed to January 2021
Some of the accused include the bank’s executives and a former police officer
Former ANC Limpopo treasurer Danny Msiza was accused of convincing municipalities to invest money in the now collapsed bank
Findings against Msiza levelled in the ‘Great Bank Heist’ report on the VBS scandal were deemed to be prejudicial and unconstitutional.
Two prominent figures in the ruling party – including an ANC MP and a Gauteng Mayor – have been told to resign following their ‘VBS failures’.
Phillip Truter, previously VBS Bank’s CFO, was arrested on Saturday and made his first appearance on Monday. He was released on 50 000 bail.