- Minister Zweli Mkhize says he did not know of the fraud and corruption at the heart of the VBS Mutual Bank
- Mkhize also says he doesn't remember the R2 million donation that the ANC allegedly received from the bank in 2016
- The DA has laid criminal charges against the minister not too long ago
Zweli Mkhize , South Africa's Minister of Cooperative Governance and Traditional Affairs, claims that he was unaware of the fraud going on at the VBS Mutual Bank.
Mkhize accepted a R2 million 'donation' from the bank in 2016 that was aimed at the African National Congress' election campaign.
The Democratic Alliance has since laid criminal charges against Mkhize, according to a report by EWN.
Mkhize served as National Treasurer during the time of the R2 million donation, but denies that he helped the bank secure illegal funding from municipalities.
Furthermore, Mkhize claims to have no knowledge of the donation at all. He says he only met with the directors of the bank to understand "its business model".
The minister added that he only learned of the fraud at the bank when it came to light earlier this year.
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