Spotlight turns to VBS Mutual Bank scandal at Zondo Commission

Spotlight turns to VBS Mutual Bank scandal at Zondo Commission

- Deputy Chief Justice Raymond Zondo has set his sights on the VBS Mutual Bank matter, inviting Limpopo mayors to come and testify before him

- The commission also reportedly wants the municipalities to convince them of their turnaround strategies for curbing corruption

- This comes as the ill-fated bank was looted to the point of no return, with municipalities implicated

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Limpopo municipalities which invested in VBS Mutual Bank in 2018 have been asked to testify at the Commission of Inquiry into State Capture.

The Citizen reports that an ANC provincial executive committee member spoke out anonymously, saying that:

“According to the invite, the affected municipalities are expected to convince the commission on how they plan to root out corruption in their municipalities.”

The source claimed that corruption is rampant in the tender processes as well as the deployment of top municipal officials.

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ANC provincial secretary Soviet Lekganyane has confirmed that several municipalities have been invited to the inquiry:

“Not only municipalities that invested in VBS, but also those which are a suspect of wrongdoing."

Lekganyane applauded the situation saying that efforts had been made to conceal illicit behaviour:

“It is wrong because municipalities are organs of state under the tutelage of the ANC-led government. It would only be proper for all those invited to the commission to furnish because those mayors and managers leading municipalities are ANC deployees.”

The secretary praised the leadership of Fetakgomo Tubatse, the only municipality who had forwarded Zondo's invitation to provincial leadership for perusal.

Nine municipalities in the region are known to have invested over R1.2 billion into the now-collapsed bank, thwarting the Municipal Finance Management Act in the process.

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Source: Briefly.co.za

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