DA lays complaint against Floyd Shivambu for violating Parliament code of conduct

DA lays complaint against Floyd Shivambu for violating Parliament code of conduct

- The DA has officially lodged a complaint against Floyd Shivambu for violating Parliament’s code of conduct with the Ethics Committee

- The DA’s John Steenhuisen said the party decided to lay a complaint against Shivambu because he failed to disclose that a member of his family had financial interests in VBS when the matter was discussed in a Parliamentary hearing

- Both Julius Malema and Shivambu welcomed a Parliamentary investigation into the matter

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The Democratic Alliance (DA) has officially lodged a complaint against Economic Freedom Fighters (EFF) deputy leader Floyd Shivambu for violating Parliament’s code of conduct. The DA lodged the complaint with Parliament’s Ethics Committee.

The DA’s chief whip John Steenhuisen said his party had decided to lay the complaint against Shivambu because he took part in Parliamentary hearings into the VBS curatorship matter without disclosing that an immediate family member had financial interests in the bank.

READ ALSO: Gigaba explains decision not to act against Guptas, but advocate cries foul

Both EFF leader Julius Malema and Shivambu himself welcomed the possibility of a Parliamentary investigation into the alleged breach of conduct. Malema continued to express his support for Shivambu and said his deputy did not have any conflicts of interest when he represented the EFF at the VBS hearings.

Briefly.co.za gathered that Shivambu’s conduct during the hearings which dealt with VBS being placed under the curatorship of the South African Reserve Bank has since the VBS looting scandal broke last week been scrutinised.

Shivambu was as reported by Citizen.co.za particularly outspoken in his view that the Reserve Bank should not be allowed to place VBS under curatorship. This stance has led many to speculate that Shivambu was aware of the looting taking place at VBS.

Shivambu has rubbished such claims and said his and the EFF’s opposition to the curatorship of VBS was a matter of principle. Shivambu said the EFF viewed the Reserve Bank’s action as an attack on a black-owned bank.

The EFF wanted VBS to be recapitalised in order to safeguard the deposits made by the elderly, burial societies and stokvels.

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Shivambu said he did not know his brother, Brian Shivambu, had any business dealings with VBS and had until the Great Bank Heist report was released not been aware of the nature or details of his brother’s business.

Shivambu said once the news broke he had a detailed look at the contracts between his brother’s company and Vele Investments, a major shareholder of VBS, and was satisfied that Brian had only dealt with Vele’s non-banking assets.

The Ethics Committee has since confirmed it would be investigating Shivambu.

READ ALSO: Vhembe District Municipal CFO threatens to ‘out’ real looters behind VBS scandal

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Source: Briefly.co.za

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