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

3WA

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Sep 25, 2012
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If this article is accurately reporting what Malema said, damn. He's not even trying to think up a plausible lie.

Here’s the biggest howler:

He claimed the money alleged to have been spent for his children’s school fees was to help a friend who had put up Malema’s children’s names for reference, but the money was used to help someone in need.

 

ForceFate

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If this article is accurately reporting what Malema said, damn. He's not even trying to think up a plausible lie.

Here’s the biggest howler:




Malema is a buffoon.
 

3WA

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Malema is a buffoon.
I would have expected a blanket, nonspecific denial. Now, if a hypothetical law enforcement officer decides to investigate, they just have to check with a school administrator whether those funds were credited to Malema's account.
 

garp

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I would have expected a blanket, nonspecific denial. Now, if a hypothetical law enforcement officer decides to investigate, they just have to check with a school administrator whether those funds were credited to Malema's account.
Although, it is probably not all that relevant whose account the funds were credited to. The point is it came from the account/card in question. Malema can't say on one hand it wasn't him spending all that money and on the other, say, "Oh that payment, it was for someone else's kid".
 

3WA

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Although, it is probably not all that relevant whose account the funds were credited to. The point is it came from the account/card in question. Malema can't say on one hand it wasn't him spending all that money and on the other, say, "Oh that payment, it was for someone else's kid".
Yeah I wonder if he consulted his lawyer before shooting off.
 

Sollie

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According to Malema, “Mahuna Investments never received money from VBS” to fund the house. He said the money came from Sgameka Projects.
That's why it's called money laundering. To hide the proceeds of crime. :sneaky:
 

Splinter

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Although, it is probably not all that relevant whose account the funds were credited to. The point is it came from the account/card in question. Malema can't say on one hand it wasn't him spending all that money and on the other, say, "Oh that payment, it was for someone else's kid".
Absolutely. He is confessing to spending the money as indicated (i.e. to the school) by the journalist. Which:

a) links him to the card being used
b) gives credibility to all the other expenditure items as listed
c) links him to the source of the funds being used for the expenditure

And should that source of funds be proven to be stolen from VBS, well then, the farker has just incriminated himself.
 

Sollie

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Seems the new focus on Julius by the Hawks is after Afriforum wanted to go after him for all the outstanding issues as he was seen as untouchable.

:popcorn:
(Need to buy more. Can't seem to have enough in the current climate)
 

3WA

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Absolutely. He is confessing to spending the money as indicated (i.e. to the school) by the journalist. Which:

a) links him to the card being used
b) gives credibility to all the other expenditure items as listed
Also starts to give even more credibility to what the journalist has written about his EFF colleagues. I wonder what Floyd thinks of this.
 

ambroseg1

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Also starts to give even more credibility to what the journalist has written about his EFF colleagues. I wonder what Floyd thinks of this.
not sure if you noticed, but a word in your 2nd sentence does not belong. "thinks"
 

Sollie

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Seems more and more like the EFF is just one big money laundering machine feeding off the chaos and weaknesses in South Africa.
 
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