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

ToxicBunny

Honorary Master
Joined
Apr 8, 2006
Messages
71,745
Yip, have no idea what the relevance is of Steinhoff receiving less media coverage. The Steinhoff debacle didn't have politicians and political parties directly benefit at the expense of the poor...
Precisely...

Or the BS in relation to EWC and the majority (when its abundantly clear that its NOT what the majority wants) and the white ownership of banks (which again is not true really)
 

schumi

Honorary Master
Joined
Mar 26, 2010
Messages
19,322
Prasa employee hailed for her role in saving R1bn from VBS bank heist

The South African Transport and Allied Workers Union (SATAWU) as well as the Passenger Rail Agency of South Africa (PRASA) have been implicated in the report on the failure of VBS Mutual Bank, titled “The Great Bank Heist”, that was published on Wednesday.

The report was conducted at the behest of the Reserve Bank by advocate Terry Motau with the assistance of Werksman’s Attorneys. It stated that “VBS went on a concerted and deliberate campaign to attract very substantial deposits from municipalities” and “state entities such as PRASA by the payment of so-called ‘commissions’ in order to solicit such deposits.”
More at : https://citizen.co.za/news/south-af...r-her-role-in-saving-r1bn-from-vbs-bank-heist
 

ambroseg1

Executive Member
Joined
Jul 15, 2008
Messages
7,660
Joined
Apr 10, 2005
Messages
2,034
Statement by Brian Shivambu on the VBS allegations: “Sgameka projects doesn’t have any working relationship with VBS & has never received payment from VBS. SA’s law does not permit anyone to be put into trial, &convict them without granting them the right to state their version”.
Somehow I keep reading Brian's company as Smegma projects.
 

BBSA

Executive Member
Joined
Jul 11, 2005
Messages
9,385
Ok then but it still falls short of the Zuma and Nene's scenarios. Let's just leave it there before I am accused of things.
Sad part is that they went through the homelands days with the bank, many were able to build homes for themselves through the bank, only for it to collapse now when it was supposed to be thriving, I am so ashamed...
Why are you ashamed?
 

Solarion

Honorary Master
Joined
Nov 14, 2012
Messages
17,086
They will respond next week apparently.

Spin on this scale can't be manufactured overnight.
The investigators have all of Brian, Floyd's and EFF's bank statements. Spin all they like but the gears of justice are busy turning and they are simply along for the ride now. Best buckle up.
 
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