Limpopo: In an operation led by the Serious Corruption Investigation unit of the Hawks, three individuals were arrested in Limpopo for their involvement in corruption related to the VBS Mutual Bank scandal. The suspects, aged 33, 42, and 64, face charges including contravention of the Municipal Finance Management Act, corruption, and money laundering. According to the Hawks, the arrests stem from illicit investments and financial transactions totaling millions of Rand, which have significantly impacted the Greater Giyani Local Municipality’s finances. The suspects are set to make their initial court appearance in Giyani Magistrates’ Court, where they will apply for bail. This crackdown is part of ongoing efforts to address the corruption that has plagued the VBS Mutual Bank, leading to substantial financial losses for several municipalities across South Africa.
Tuesday, April 29, 2025