CAPE TOWN – The forensic investigator who looked into the rot of VBS Mutual Bank has concluded that the rot in the bank ran too deep to salvage it.
Advocate Terry Motau in his final report said that an amount of R1.8 billion was gratuitously received from VBS by some 53 persons over the period 1 March 2015 to 17 June 2018.
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The forensic has recommended that steps be taken to recoup monies lost at the bank from the following people:
1. Vele and its associates + R936 million
2 Tshifhiwa Matodzi = R325 million.
3 Free State Development Corporation = R104 million.
4 Kabelo Matsepe = R35 million.
5 Sipho Malaba R34 million.
6 Phophi Mukhodobwane R30 million.
.7 Paul Makhavu = R30 million
8 Robert Madzonga = R30 million.
9 Andile Ramavhunga = R28 million.
10 Solly Maposa = R24 million
11 Ralliom Razwinane = R24 million.
2 Firmanox = R17.4 million
13 The Venda king, Toni Mphephu = R17.7 million.
14 Ndivhuwo Khangale = R16.8 million.
15 Sechaba Serote = R16.6 million.
16 Ernest Nesane = R16.6 million
17 Brian Shivambu = R16 million
18 Foxburgh = R15 million.
19 Paul Magula = R14.8 million.
20 Charl Cilliers = R12.6 million
21 Tiisang Private Capital = R12 million.
22 Maanda Manyatshe = R11 million.
.23 Sasa Nemabubuni = R9 million.
24 Sabicorp = R8 million.
25 Avashoni Ramikosi = R5.9 million.
26 Takalani Mmbi = R4 million.
.27 Phillip Tshililo = R2 million.
-BUSINESS REPORT ONLINE
But my question is why the former president is not appearing on that list he is also one of those who borrowed the money from that bank called VBS now the question comes back again and haunt me where did the former president Mr Gedleyihlekisa.Jacob.Zuma borrowed or get the money from can this be taken serious and may be the former president himself must tell the nation where did he get the money from ill pause there for now
But my question is why the former president is not appearing on that list he is also one of those who borrowed the money from that bank called VBS now the question comes back again and haunt me where did the former president Mr Gedleyihlekisa.Jacob.Zuma borrowed or get the money from can this be taken serious and may be the former president himself must tell the nation where did he get the money from ill pause there for now.
Some Whites calls Blacks Baboons and we blacks tend to furiuos disagree… But this is the work of baboons unless we proof ours self otherwise I agree am baboon.
Zwi khou vhavha nga uri vhanwe vhathu a vha zwidivhi zwa dzi tshelede vhovha vha khou tou shuma vha sa divhi uri yo tou rwiwa banngani.
So what happenes now to Zuma’s bond? Is he off the hook?
We are faced a serious crisis in our Land RSA, money stolen in bank VbS, which bank is next? The GuPtas Scandals which infected the cabinet Ministers, Early election is de remedy of this corrupt Government. Livhuwani E Ramaru (RR)
And we thought that our country was left in a capable hands. CLEAN up the cabinet and you will find more involved….very and to see individuals given into ministry and sells the country into the dumps because of their selfish greed.
Where is Zuma”s name and the second in line receivers. What is the President’s action? Will justice in full force do something. What about the SA Citizens that lost their money. Surely if any court cases who will pay for it – surely not the tax payer. The corruption and steeling is getting worse by the day. So much for the ruling party since 1994. SOUTH Africa is on the brink of total bankcrupsy. Power is not the answer but management. Coalition government in proportion please and no ANC power ruling anymore.
Everyone a black misfit
Really incredible the loose way in which billions of Rands are there for the taking .
There must be huge loopholes through which money can be laundered.
The most important part I why is this money irrecoverable ? How can the auditors conclude that it’s not worth trying to recover it ?
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Black on black in the Charg I’m creepin’ Rub me the right way, you might get a genie B.o.B, black Houdini
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