ANC says heads must roll over VBS Mutual Bank looting scandal

ANC says heads must roll over VBS Mutual Bank looting scandal

- The ANC has called on law enforcement agencies to act without fear or favour in the investigation of the VBS banking scandal

- ANC secretary general Ace Magashule said the party would be taking swift and decisive action against officials found guilty of illegally benefiting from looting at VBS

- Magashule said the ANC’s NWC and Limpopo leadership agreed that heads must roll and those implicated needed to face the full might of the law

PAY ATTENTION: Click "See First" under the "Following" tab to see Briefly news on your News Feed!

The African National Congress (ANC) called on all relevant law enforcement agencies involved in the VBS Mutual Bank scandal investigation to act swiftly and without fear or favour. The ANC’s national leaders met with Limpopo officials on Monday to discuss the provincial response to the scandal.

ANC secretary general Ace Magashule said the National Working Committee (NWC) and Limpopo leadership had agreed that swift and decisive action would be taken against any official or organisation who is found to have benefitted from VBS illegally. Magashule said the ANC was united in its view that heads must roll and those implicated needed to face the full might of the law.

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

ANC national leaders were in Limpopo on Monday to meet with provincial officials to discuss the VBS scandal. Several of the party’s top provincial officials were named in Advocate Terry Motau’s The Great Banking Heist report into the looting of R1.89 billion from the Limpopo-based bank. gathered that the ANC’s Limpopo treasurer Danny Msiza denied any involvement in the matter and has since demanded a retraction and public apology from Motau for falsely naming him in the report.

News24 reported that the national leadership wanted answers from the provincial leadership on how municipalities had been allowed to invest millions into the bank despite a law being in place which is meant to prevent municipalities from investing in or using the services of a mutual bank.

PAY ATTENTION: Save mobile data with FreeBasics: Briefly is now available on the app

Magashule said all ANC officials and members who had been implicated in the scandal would be questioned and all party leaders will be dragged before the ANC’s Integrity Commission to give a full account of their involvement.

Magashule said the ANC would use the scandal to prove to a corruption weary nation that the new ANC was serious about its commitment to stamp out corruption and unethical behaviour from its ranks and was truly committed to clean governance and transparent accountable leadership.

The ANC said it was unsure of whether or not the party received funds from VBS. ANC national spokesperson Pule Mabe said the party was aware of the allegation and would be investigating the claim before confirming or denying the allegation.

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

Do you have a story to share with Briefly? Visit our Facebook page where you can send us a message or leave us a comment. Your story could be shared online.

For more amazing, funny and informative videos, please visit Briefly South Africa's YouTube Channel.

To stay up to date with the latest news, download our news app on iTunes or GooglePlay today.


Mailfire view pixel