DA plans to lay criminal charges against Malema over VBS looting

DA plans to lay criminal charges against Malema over VBS looting

- The Democratic Alliance will be laying criminal charges against the two top Economic Freedom Fighters' leaders

- Julius Malema and Floyd Shivambu allegedly helped loot the VBS Mutual Bank, and that's the DA's motivation for laying charges

- The case will be opened at the Buitenkant Street police station in Cape Town

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The Democratic Alliance is set to lay criminal charges against the EFF leader, Julius Malema, and Deputy President Floyd Shivambu.

The political party announced on Wednesday, 21 November, that they will lay the charges on Thursday, 22 November.

As reported by The South African, the charges will be based on information that Malema and Shivambu joined in the looting of the VBS Mutual Bank.

Shadow Minister of Cooperative Governance and Traditional Affairs, Kevin Mileham and the DA's National Spokesperson, Solly Malatsi, will be laying the charges.

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The DA released statement, outlying their motivation behind the criminal charges:

Tomorrow, 22 November 2018, DA MP, MP, will lay criminal charges against EFF President Julius Malema, his deputy, Floyd Shivambu, and other senior members of the party following reports that the EFF allegedly “syphoned” over R1.8 million from VBS Mutual Bank.
The looting of VBS has affected many individual investors, stokvels, burial societies and some of South Africa’s poorest municipalities. The provision of basic services has effectively been compromised and numerous vulnerable clients have potentially lost their life savings.
It is appalling that the EFF would brazenly steal from the poor people it claims to represent. The DA is the only party that will protect all South Africans from the greed of corrupt politicians whether it is the ANC or EFF.

This comes shortly after new evidence implicating Malema and Shivambu came to light. Briefly.co.za reported that an investigation allegedly fingered the two as well as indicated that Malema received money which funded his lifestyle.

The DA MPs will open their case at the central Cape Town Buitenkant Street police station.

READ ALSO: SACP fires shots at ANC over reports of Zuma, twitter lashes back

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Source: Briefly.co.za

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