Floyd Shivambu's brother looted VBS Mutual Bank - Full List

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It is possible that the payment 'on behalf of the ANC' was not for an invoiced amount from the provider, but went into what is often decribed as a slush fund, to be called on by various persons, very possibly Mkhize (given his apparent reputation), or possibly someone else. It could be used for example to pay off some of the bond paayments for a well known client of VBS.
It is all smoke and mirrors! That is how corporate fraud works. Only the so called supplier can tell us: fat chance!
 

3WA

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Gordon_R

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Thanks for the link. Its damn difficult following these slush funds through so many front companies.

Adv Motau and the Werksman’s report, named The Great Bank Heist, only highlighted first-tier receivers of the illicit VBS funds and therefore did not mention or, in some instances investigate, Phaleng, the EFF or Malema.
No wonder Julius is so keen to get rid of Pravin Gordhan, he has a lot to hide...
 

Sollie

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Thanks for that.

The Economic Freedom Fighters and its President Julius Malema benefited from the VBS Mutual Bank heist through a crude scheme run in a similar manner to the On Point Engineering corruption debacle of 2012
So by the NPA giving JM a free pass and not doing what the were supposed to do, thanks to ANC games, they inadvertantly allowed this saga to repeat. Justice delayed is not only justice denied, but harm aggravated. This is how we all pay the price.
 
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