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2 More Arrested Over Role in VBS Scandal

In 2018 the true state of the rampant looting at VBS Mutual was revealed in the tell-all report ‘ the Great Bank Heist‘. It proved the old saying: “Give a man a gun and he will rob a bank. Give the man a bank and he will rob the world”.

Read More: VBS Mutual Bank Report Reveals Widespread Looting

It is taking a long time but arrests are following. 2 more such arrests were made this month with one of them being a Mayor who ‘allegedly’ got handed the keys to a R630 000 Jeep Cherokee by those seeking to bribe officials into illegally banking with VBS. The matters will be heard in the Thohoyandou Magistrates Court.

So far 25 different people have now been charged with 100 different offences reportedly around R2 Billion was looted from the bank over time.