Well Zuma was in power. Law enforcement for corruption or most crimes really were dead so maybe they thought they could get away with it. This actually explains their attacks on Nene, Pravin and the SARB.
Fear not, the ANC has reported those implicated amongst their ilk to their 'integrity' commision.
ANC refers members fingered in VBS saga to its integrity commission
The ANC has referred members implicated in the VBS “heist” saga to its integrity commission.
ANC deputy secretary general Jesse Duarte said on Saturday the integrity commission would meet next week to consider the report on the collapse of VBS and “the cases of leaders and members implicated and/or accused of wrongdoing in the report”.
“The officials of the ANC will also meet with the officials of Limpopo‚ to discuss the response of the province to the serious allegations raised in the report‚” she said.
“These actions are in line with the restoration and enhancement of the values and integrity of the ANC‚ which our Strategy and Tactics (2017) calls for.
“It also reflects the determination of ANC Officials‚ as discussed at their recent lekgotla‚ to lead the process of renewal and unity of the ANC‚” Duarte added.
Scandal-ridden VBS Mutual Bank gifted former president Jacob Zuma an R8.5m bond which he could not afford, and at least nine months before any documents were signed to give the bank security over the loan.
This is revealed in an SCA bid by Venda princess Masindi Mphephu filed last year, in which she is seeking to overturn a Limpopo High Court ruling setting aside her bid to be recognised as the rightful heir to the Venda throne.
Her uncle, Toni Mphephu-Ramabulana, was recognised by Zuma and traditional authorities as the Venda king following the death of Masindi's father, Tshimangadzo Mphephu.
JOHANNESBURG - Democratic Alliance Member of Parliament Ghaleb Cachalia has apologised to Economic Freedom Fighters leader Julius Malema for tweeting unverified information as facts that Malema owned 47% of shares in Dyambeu Investments. The company is linked to the VBS Mutual Bank saga where over a R2 billion was looted. Cachalia has admitted that he tweeted the information before verifying.
He says he deleted the tweet after realising that he was wrong but his post had already gone viral on social media. In the tweet, he accused Malema of owning shares in Dyambeu Investments which is owned by the King Dyambeu and falls under Vele Investments. It's alleged that the company looted R900 million from VBS bank.
Cachalia apologised to the EFF leader after Malema's lawyer threated to take legal action if he doesn't heed to his demands.
#VBSMutualBank: I am willing to pay back the money, says Vhavenda King
Johannesburg - The Vhavenda King Toni Peter Mphephu-Ramabulana says he is willing to pay back the money he received from the Venda Building Society (VBS) if it is proven to be illegitimate payments. The king is named as one of the 53 people that received illegal payments from VBS. He is said to have pocketed R17 million. He has previously denied receiving the money.
The SA Reserve Bank released the extensive report titled "The Great Bank Heist" on Wednesday and it detailed how R2 billion was illegally paid out to 53 individuals between 2015 and 2018. Ramabulana said in a statement on Monday that he receives various gifts from a number of people and views these as legitimate.
"In my capacity as the King of the Vhavenda people, I receive grants including financial support from various individuals and entities. Any such receipts, I deem them to be legitimate, untainted and bona fide support to the responsibilities I hold in relation to the Vhavenda people," said the king.