New proof ahead of the high court implies that ANC Limpopo treasurer basic Danny Msiza presumably physically benefited through the wide-scale looting of VBS Mutual Bank, despite their denials

New proof ahead of the high court implies that ANC Limpopo treasurer basic Danny Msiza presumably physically benefited through the wide-scale looting of VBS Mutual Bank, despite their denials

Msiza presumably received more he and his wife are directors, from a middleman who facilitated multimillion-rand unlawful deposits from municipalities into VBS, Kabelo Matsepe than r1.5m paid to a company of which.

Matsepe’s business Moshate, additionally presumably assisted in servicing a bond that is r9.5m provided to Msiza’s business for the Polokwane home under questionable circumstances by VBS.

Msiza ended up being identified within an report that is explosive advocate Terry Motau, SC, en titled the truly amazing bank heist’ , as a kingpin whom facilitated through their governmental influence the ‘investments’ by Limpopo municipalities in VBS bank, totalling vast sums of rands.

VBS ended up being placed directly under curatorship in March this 12 months, which resulted in lots of the municipality’s deposits being ‘frozen’. These municipalities are now actually dealing with economic ruin and will tend to be placed directly under management because they battle to get over the depletion of the coffers.

The officials that are municipal paid ‘commissions’ or bribes to facilitate the assets, that have been utilized to connect money gaps into the bank’s books.

Now – despite their denials – proof had been presented in brand brand new court documents to personally show that Msiza benefited from looted VBS money. دنباله این نوشته …