Former municipal official arrested for involvement in VBS looting

Former municipal official arrested for involvement in VBS looting

- Yet another arrest has been made in connection with the VBS Mutual Bank saga

- This time retired municipal manager Mattheys Wienekus has been taken into custody

- The official appeared in court on Thursday to face charges relating to his role in the looting

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Mattheys Wienekus, a Budget and Treasury Manager at Merafong Local Municipality until his retirement, was arrested on Thursday morning.

Hawks spokesperson Colonel Katlego Mogale has confirmed that the former official was arrested for his connection with the looting at VBS Mutual Bank.

The 64-year-old appeared in the Pretoria Specialised Commercial Crime Court on Thursday to face charges of contravention of the Municipality Finance Management Act.

Mogale said that investigations had found over R50 million had been invested with the now-defunct bank while Wienekus was Chief Financial Officer.

The municipality is one of the 20 that broke the law in order to invest municipal funds with the bank.

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Commenting on the situation at hand, Hawks boss Lieutenant General Godfrey Lebeya said:

"I have indicated that the investigations on the municipalities are at an advanced stage. This is the beginning and all the other cases are receiving the necessary attention."

The matter has since been postponed to 29 July for further investigation with this being the ninth arrest in the high-profile case.

Briefly.co.za reported that the Hawks had teamed up with the National Prosecuting Authority to carry out arrests in Limpopo and Gauteng.

Between the eight individuals arrested, it is believed that the suspects had helped themselves to R122 million from the bank's coffers over an extended period of time.

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Source: Briefly.co.za

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