In a report by VBS Bank’s curator, Anoosh Roopal, it revealed that the bank’s directors stole millions.
A senior official of PIC has allegedly received R5 million in return for VBS having a R350 million credit facility.
It appears that Daniel Msiza, the ANC’s Limpopo treasurer, as well as the ANC Youth League leader in Gauteng, Kabelo Matsepe, may also be involved in the “negotiations”.
The entire top structure of the bank is involved in fraudulent “negotiations” and dealings.
Read the original article in Afrikaans on Die Vryburger
South Africa Today – South Africa News