Madzonga insists she got her millions through hard work, not VBS looting

Madzonga insists she got her millions through hard work, not VBS looting

Khosi Madzonga insists that she is a self-made woman and owed her fortune to hard work- Not VBS looting. The wife of Robert Madzonga, the CEO of Vele Investments reportedly received R30 million from VBS Mutual Bank, but has come forward in an attempt to clear her name.

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Khosi Madzonga has come forward to clear her name of any wrongdoing in the VBS Mutual Bank scandal:

“I never received money from VBS. I never received money from Robert. I worked for my money, that’s why I was never able to track what Robert was doing,”

Robert Madzonga, Khosi's estranged husband, is the CEO of Vele Investments. Khosi allegedly benefited to the tune of R30 million in the VBS Mutual Bank scandal.

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READ ALSO: Vhembe ex-mayor allegedly had no idea municipality invested R300M in VBS

According to TimesLive, when questioned why she had bought herself a Lamborghini, Khosi denied owning one, saying that she still owned the car from before her marriage to Robert.

Madzonga claims that she had operated separately from her husband and did not know the details of his daily life:

“I am not this person that kind of follows my husband. ‘What did you do today? How much money did you make today?’ I was busy with my own things… I never knew his business life in details,”

Both Robert and Khosi have denied every allegation of any wrong doing. Khosi maintained that:

“I did not benefit from the looting… Until today I pay for my house and my cars, and if I don’t pay they can come and repossess them.” reported that the looting at the VBS Bank had been detailed in Advocate Terry Motau's 'The Great Bank Heist' and detailed how nearly R2 billion had been looted in the scandal.

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