VBS Mutual Bank corruption case resumes in Polokwane
The trial against three accused in the VBS Mutual Bank corruption scandal is expected to resume in the Polokwane Specialised Commercial Crimes Court in Limpopo.
The former municipal manager of Giyani Municipality, Risimati Maluleke, former acting Chief Financial Officer Nnditshedzeni Mashau and a businessman Zwivhuya Tshishonga, are accused of facilitating the investment of over R140 million from the Giyani municipality into the now defunct VBS Mutual Bank.
A state key witness in the looting of the now defunct VBS Mutual Bank has concluded his testimony being led by the state.
The witness will now be cross-examined by the defense team.
The witness, who cannot be identified, detailed how municipal funds were deposited into the VBS Mutual Bank.
The witness said VBS Mutual Bank received R140 million from Giyani Municipality.
The businessman, Tshishonga, allegedly facilitated the investment and bribing the senior municipal officials so they would invest in the VBS. -Reporting by Avhapfani Munyai
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