VBS Heist: Did Cyril know and ignore the mass looting taking place?

VBS Heist: Did Cyril know and ignore the mass looting taking place?

- President Ramaphosa was reportedly told about the mass looting taking place at VBS bank early last year while he was still deputy president of the country

- Sources claim the then deputy president was informed by shareholders of the looting taking place at the bank, but he chose not to act on the information

- Ramaphosa’s office has not officially commented on the claim apart from denying that any such meeting ever took place.

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A new report claims President Cyril Ramaphosa not only knew about but failed to act on information about the mass looting which took place at VBS Mutual Bank. Ramaphosa was allegedly told about the corrupt activities by a shareholder early in 2017 while he was still deputy president.

Sources close to the shareholder revealed that the unnamed person met with then deputy president Ramaphosa and told him about the situation at the bank in January 2017. Ramaphosa allegedly told the concerned shareholder that he would do something about the situation, something which as time proves did not materialise.

READ ALSO: Lifestyle of the rich and famous: VBS recipients' flashy lifestyes exposed

The source claims the shareholder raised his concerns about the mass looting at the bank with Ramaphosa during a meeting in which Ramaphosa expressed serious misgivings and concerns about the state of affairs at VBS.

Briefly.co.za gathered that Ramaphosa called for strong action to be taken against all those who are guilty of taking part in or receiving illegal funds from VBS.

The president’s office has not officially commented on the claim apart from denying that the meeting between Ramaphosa and the shareholder took place.

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Thesouthafrican.com reported that the Democratic Alliance (DA) leader Mmusi Maimane has slammed the president over the claim and said he would use his oral question time in Parliament to grill Ramaphosa about his role in the scandal.

The DA said it was considering laying criminal charges against Ramaphosa in terms of the failure to report organised crime Act.

READ ALSO: Thuli Madonsela on VBS scandal: EFF using Jacob Zuma-era ANC tactics

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Source: Briefly.co.za

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