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the great bank heistlatest 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.
AFRICAN NATIONAL CONGRESS

Senior ANC officials to be arrested for role in VBS looting

Danny Msiza and Kabelo Matsepe will become the first politicians to be face charges for alleged complicity in the scandal

  • Lizeka Tandwa
  • Emsie Ferreira
  • Khaya Koko
5 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