The eighth suspect, Phillip Truter accused in the VBS Mutual Bank investigation appeared in the Palm Ridge Specialised Commercial Crimes court on the morning of 6 June 2020, to face 47 charges of fraud, theft, money laundering, corruption and racketeering .
Truter who is the former Chief Financial Officer of VBS was in no position to be arrested initially as he was under quarantine. Truter was arrested on Friday by the Serious Corruption Investigation team.
He was granted R50 000-00 bail and case was postponed to 8 October 2020, when he will appearing with the rest of the accused.
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FF Plus will ask head of Hawks why alleged EFF/VBS fraud is not being investigated
