VBS: Municipal officials are next
Jun 21, 2020
3 minutes
GCINA NTSALUBA and JUNIOUR KHUMALO news@citypress.co.za
PHOTO: TEBOGO LETSIE
A second wave of arrests is imminent in connection with the VBS Mutual Bank heist, following the appearance of seven suspects at the Palm Ridge Magistrates’ Court on Thursday.
The next round of arrests will see the spotlight falling on the 14 municipalities which deposited R1.6 billion into VBS, which contravened Municipal Finance Management Act regulations that prohibit municipalities from investing funds with
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