VBS

2024 - 7 - 12

VBS Corruption Scandal Unveiled: Explosive Allegations and Legal Actions

tshifhiwa matodzi vbs advocate Terry Motau - corruption in South Africa - Dondo Mogajane - EFF - Floyd Shivambu - Julius Malema - NPA legal action - political corruption - SAPS investigation - Tshifhiwa Matodzi - VBS corruption scandal - tshifhiwa matodzi vbs

Discover the latest on the VBS corruption scandal involving top political figures in South Africa. Shocking revelations and calls for urgent probes!

The VBS corruption scandal continues to rock South Africa's political landscape, with the Democratic Alliance demanding fresh action against alleged corruption involving prominent figures like EFF's Floyd Shivambu and Julius Malema. ActionSA has also joined the fray, requesting an urgent probe into the scandal after detailed affidavits directly implicated Shivambu and Malema. The DA has urged the Police Committee to investigate the South African Police Service's perceived inaction on the VBS Mutual Bank saga, highlighting concerns over delays in justice.

In a shocking development, former ANC treasurer-general Dr. Zweli Mkhize was allegedly involved in soliciting funds from former VBS Mutual Bank chairperson Tshifhiwa Matodzi. Moreover, the former VBS chairperson's acceptance of a reduced 15-year sentence in exchange for cooperation has revealed critical information about the corruption at the bank. The scandal deepens as details emerge about payments made to high-profile individuals and legal actions taken.

Former National Treasury director-general Dondo Mogajane denied allegations of receiving a bribe in the VBS scandal, adding another layer of complexity to the unfolding investigation. The National Prosecuting Authority has condemned the leak of sensitive information related to the case, indicating the gravity of the allegations and the legal challenges ahead in prosecuting the perpetrators.

In a twist of events, the EFF has refuted claims of misleading information in the leaked VBS Bank affidavit, asserting their position in the ongoing investigations. As the scandal unfolds, South Africa awaits the outcomes of legal actions and probes into the deep-rooted corruption at VBS Mutual Bank.

Post cover
Image courtesy of "Democratic Alliance"

DA demands fresh action against alleged VBS corruption by ... (Democratic Alliance)

Please find attached a soundbite by Baxolile Nodada MP. Six years after the DA laid criminal charges against the EFF's Floyd Shivambu and Julius Malema over ...

Post cover
Image courtesy of "ActionSA"

ActionSA to Write to SAPS Requesting Urgent Probe into Malema ... (ActionSA)

Our request follows former Chairman of VBS Mutual Bank, Tshifhiwa Matodzi's detailed affidavit, in which he directly implicates Shivambu and Malema in the ...

Post cover
Image courtesy of "Polity.org"

DA urges Police Committee to investigate Saps' 'inaction' on VBS ... (Polity.org)

The Democratic Alliance (DA) said it will refer the South African Police Service's “inaction” on the VBS Mutual Bank saga to the Parliamentary Portfolio ...

Post cover
Image courtesy of "News24"

'The mayor wants Christmas money': VBS kingpin's explosive ... (News24)

Former ANC treasurer-general Dr Zweli Mkhize allegedly requested R2 million from former VBS Mutual Bank chairperson Tshifhiwa Matodzi during a meeting about ...

Post cover
Image courtesy of "Daily Maverick"

Corruption Central – VBS chairperson Tshifhiwa Matodzi's canary ... (Daily Maverick)

Former VBS chairperson accepts 495-year sentence, effectively reduced to 15 years' imprisonment — and sings like a canary for 70 pages.

Post cover
Image courtesy of "TimesLIVE"

'Proud to be part of team that stopped Matodzi and VBS': former ... (TimesLIVE)

Convicted fraudster and former chairperson of the now defunct VBS Mutual Bank board Tshifhiwa Matodzi's leaked affidavit has detailed how the bank solicited ...

Post cover
Image courtesy of "TimesLIVE"

NPA considering legal steps over VBS affidavit 'leak' (TimesLIVE)

The National Prosecuting Authority has condemned the “leak” of an affidavit in the VBS Mutual Bank corruption case.

Post cover
Image courtesy of "SowetanLIVE"

VBS paid R1m to former Treasury DG — Matodzi (SowetanLIVE)

Disgraced former VBS Mutual Bank chairperson Tshifhiwa Matodzi has alleged that former director-general of the National Treasury Dondo Mogajane was paid R1m ...

Post cover
Image courtesy of "iAfrica.com"

NPA 'Considering Legal Options' After Affidavit Related To VBS ... (iAfrica.com)

The National Prosecuting Authority (NPA) has directed the director of public prosecutions in Pretoria to collaborate with the Hawks to identify who leaked ...

Post cover
Image courtesy of "News24"

Former National Treasury director-general Dondo Mogajane denies ... (News24)

In a leaked affidavit, former VBS chairperson Tshifhiwa Matodzi claimed he paid a bribe of R1 million to former National Treasury DG Dondo Mogajane. Mogajane ...

Post cover
Image courtesy of "SABC News"

EFF says leaked VBS Bank affidavit information is misleading ... (SABC News)

The Economic Freedom Fighters (EFF) says the affidavit detailing the alleged involvement of some party leaders in the corrupt and fraudulent activities that ...

Post cover
Image courtesy of "News24"

Matodzi's affidavit confirms Terry Motau's findings, implicating ... (News24)

The explosive affidavit deposed by convicted fraudster Tshifhiwa Matodzi has confirmed major aspects of advocate Terry Motau's investigation report into the ...

Post cover
Image courtesy of "TimesLIVE"

VBS boss Tshifhiwa Matodzi 'robbed of millions by attorney and ... (TimesLIVE)

Former VBS Mutual Bank chair Tshifhiwa Matodzi in his testimony claims he was tricked by his business associates and attorney to flee to London when “Hawks” ...

Post cover
Image courtesy of "SABC News"

VBS saga revelations key to justice for bank victims: Ntshavheni ... (SABC News)

Minister in the Presidency Khumbudzo Ntshavheni says the latest revelation in the VBS saga will go a long way in ensuring justice for those who lost their ...

Post cover
Image courtesy of "TimesLIVE"

How disgraced Tshifhiwa Matodzi funnelled VBS funds via family (TimesLIVE)

Former board chairperson of the now defunct VBS Mutual Bank Tshifhiwa Matodzi has confessed to using his family — even his elderly mother — and associates' ...

Post cover
Image courtesy of "News24"

VBS scandal: 'There must be justice for the people of Vhembe,' says ... (News24)

Minister in the Presidency Khumbudzo Ntshavheni says those who swindled Vhembe residents of their money in the R2 billion VBS looting scheme must be ...

Post cover
Image courtesy of "Independent Online"

WATCH: 'I will not be trialled by corrupt individuals,' Dondo ... (Independent Online)

Former director-general of National Treasury, Dondo Mogajane, has vehemently denied allegations that he accepted a R1 million “gratification” from convicted ...

Post cover
Image courtesy of "TimesLIVE"

Ismail Momoniat, Mariette Venter: Shining heroes who defied VBS ... (TimesLIVE)

Former Treasury DDG Ismail Momoniat. Image: Thapelo Morebudi. Amid the widespread rot, theft and corruption that engulfed VBS Mutual Bank, ...

Post cover
Image courtesy of "News24"

Mondli Makhanya | VBS R2bn scandal highlights deep-rooted ... (News24)

The VBS imbroglio is just one of a long list of scandals that demonstrate the hand-in-glove relationship between politics and business when it comes to ...

Explore the last week