R4m from VBS used for EFF party, Malema and Shivambu respond

R4m from VBS used for EFF party, Malema and Shivambu respond

- A new report indicates that R4 million from VBS bank was used to pay for an EFF party

- The report is also damning concerning Julius Malema's Sandton property

- Both Malema and Floyd Shivambu hit back over the allegations

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A new report by the Daily Maverick's Pauli van Wyk has revealed that the EFF used at least R4 million looted from the collapsed VBS bank to fund a party.

In typical EFF fashion, both party leader Julius Malema and deputy Floyd Shivambu lashed out on social media over the allegations.

Shivambu referred to the journalists making the allegations as "lizards".

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The VBS saga made headlines in late 2018, when the bank collapsed after more than R3 billion of its funds were looted. Among those implicated in the looting were Brian Shivambu, the brother of EFF deputy-leader, Floyd Shivambu.

The new report indicates that at least R16 million made its way to Brian Shivambu, which was then shared with others, according to The South African.

The report also calls into question the ownership of Malema's Sandton home, as documents show that name on the property changed to "Economic Freedom Fighters" around the same time as the looting took place.

Malema responded to the new article on Twitter, where he urged his supporters to "go for kill" and "hit hard". This would not be the first time Malema has encouraged his supporters to harass journalists. He previously criticised journalist Karima Brown online, which led to her receiving extensive death threats.

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Floyd Shivambu also chimed in, comparing the media to "lizards", but saying the EFF was preocuppied with more important opponents, who he referred to as "crocodiles", Briefly.co.za has gathered.

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Source: Briefly.co.za

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