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#BreakingNews: Court orders VBS liquidation

───   10:47 Tue, 13 Nov 2018

#BreakingNews: Court orders VBS liquidation | News Article

The North Gauteng High Court ordered the final liquidation of VBS Mutual Bank on Tuesday.


The Reserve Bank applied to the North Gauteng High Court to liquidate the bank following the “Great Bank Heist” report.

It revealed that at least R1.9-billion had been looted from the bank, mostly by politicians.

The DA has called on the public protector to investigate all mayors implicated in the looting.

It wants lifestyle audits to be conducted on every person mentioned in the scandal.


eNCA

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