South Africa
Former VBS CFO intends to plead guilty─── 06:13 Tue, 07 Jul 2020
Former VBS Mutual Bank CFO, Philip Truter has been granted bail of R50,000 and intends to plead guilty.
Truter appeared in the Specialised Commercial Crimes Court in Palm Ridge on Monday.
He's the eigth suspect arrested in connection with the VBS bank heist. The seven other suspects were granted bail of R100,000 each.
Among those arrested, are the former VBS chairperson and other board members. They all face charges of fraud, theft, money laundering, corruption and racketeering.
Over R2 billion went missing from VBS Mutual Bank.
