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phillip truterlatest news & developments
Victims of the VBS Mutual Bank (VBS) scandal who lost their life savings say it is ironic that Economic Freedom Fighters (EFF) members are demanding the return of “stolen” land while failing to pay back the money they allegedly received unlawfully from the bank.
ANDILE RAMAVHUNGA

R2.3-billion VBS Mutual Bank heist trial to start soon

The state has finalised its charge sheet and is ready to prosecute the alleged bank looters

  • Khaya Koko
3 min read
ANDILE RAMAVHUNGA

‘We are all innocent,’ VBS eight tell court

The National Prosecuting Authority believes it has ‘a very strong case’ and wants to begin the VBS Mutual Bank trial

  • Khaya Koko
4 min read
ANDILE RAMAVHUNGA

‘Not guilty’ says R35m VBS ‘looter’

Former ANC youth leader Kabelo Matsepe set to protest his innocence after arrest by the Hawks

  • Emsie Ferreira
  • Khaya Koko
4 min read
Trial date: The VBS heist trial is expected to begin only in early 2022. Photo: Delwyn Verasamy
ANDILE RAMAVHUNGA

R2.3bn VBS trial expected to only begin in 2022

The state is expected to request a 16 week-long trial, as delays stymie progress in the saga.

  • Khaya Koko
3 min read
Frustration reigned at the R2.3-billion VBS Mutual Bank heist court case after another postponement, with one of the accused’s lawyers arguing that his client was suffering financial prejudice because of the state’s alleged ineptitude.
ANDILE RAMAVHUNGA

VBS case delays cause massive frustration

A certificate is needed from the head of the NPA for more arrests to be made

  • Khaya Koko
4 min read
Seven of the defunct bank’s top executives appeared at the specialised commercial crimes court sitting in Palmridge on Thursday.
ANDILE RAMAVHUNGA

More arrests expected in the R2.3bn VBS heist

Prosecutors tell the court that more people will be charged and additional charges will be added to the seven accused in a new charge sheet

  • Khaya Koko
2 min read
Phillip will spend seven years behind bars.
ANDILE RAMAVHUNGA

‘Haunted’ VBS executive Truter sentenced to seven years

Phillip Truter, the former chief financial officer of the defunct mutual bank who pleaded guilty to fraud and other charges, will work with authorities on how the alleged heist…

  • Khaya Koko
2 min read