Tshifhiwa Matodzi has been lauded as the mastermind behind the VBS Mutual Bank debacle. It has now come to light that his personal assistant, Takalani Mmbi, is facing liquidation over a R37 million overdraft given to the company by the defunct bank.
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Takalani Mmbi and her company Venmont Holdings are facing liquidation over a R37 million overdraft granted by VBS Mutual Bank.
Anush Rooplal, who is overseeing the liquidation of the bank, is also aiming for a R50 million overdraft facility that was allegedly fraudulently put in place by VBS to benefit Mmbi's company.
Court papers filed at the Johannesburg High Court this week argued that the large sum be paid back to the bank:
"The respondent is indebted to the applicant as stated in the restated statement of the respondent's VBS classic business account... in the amount of R37,788,788.61, as at 30 April 2019. Despite demand, the respondent has failed to pay the indebtedness due and owing to VBS."
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Sunday World reports that Venmont Holdings benefited from fictitious credits made to its bank account:
"The fictitious credits were not real payments or deposits... they were nothing other than false entries."
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Mmbi claims to have no knowledge of the application or the debt it revolves around, commenting:
"We can't comment on the matter because we have not seen the papers. I have never spoken to the liquidators. I will talk to my lawyers for advice on how to deal with it."
Meanwhile, Rooplal says that they will be taking legal action against Mmbi and her company for having benefited from the fraudulent scheme that saw VBS losing at least R1.5 billion.
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