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#VBSMutualBank's scandal case postponed

───   08:40 Wed, 17 Nov 2021

#VBSMutualBank's scandal case postponed | News Article

The Molopo Magistrate's Court postponed the case against the former municipal manager at the Mahikeng Local Municipality, Thabo Mokoena.

The case was postponed to 15 February 2022 for the defence team to get instructions from Mokoena. 

In a press release, NPA spokesperson, Henry Mamothame, says the state confirmed the completion of investigations into the matter and also declared a disclosure. The defence team will be provided with the full contents of the docket electronically to allow them time to prepare for trial. Should there be no other issues between the state and the defence team, an indictment will be prepared to move the case to a higher court for trial.

Mokoena’s court appearance is in relation to the charges of contravention of the Municipal Finance Management Act (MFMA), as well as the Prevention and Combating of Corrupt Activities Act.

These charges are linked to over R92 million the municipality invested in the VBS Mutual Bank during the period of August 2017 until December 2017, under his leadership as the accounting officer of the municipality. In accordance with the MFMA stipulations, this investment was irregular and is prohibited. Mokoena is also alleged to have received gratification in the form of credit facilities to purchase two expensive vehicles and a house in Klerksdorp, cumulatively amounting to over R1 million.

"Preliminary investigations by the Hawks reveal that of the R92 million that was irregularly invested with VBS Mutual Bank, only R7 million was paid back to the Mahikeng Local Municipality," says Mamothame.

The court extended Mokoena’s R50 000 bail until his next court appearance. He surrendered his passport and he is prohibited from interfering with state witnesses.


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