- Remember when Floyd Shivambu was arrested for speeding in his flashy Range Rover?
- That same vehicle has become a part of an investigation into VBS looting, with a report probing if Floyd used ill-gotten funds to buy his whip
- The Mail & Guardian has released a report on its investigation into the matter, which the Hawks are currently probing
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In August 2018 EFF Deputy President Floyd Shivambu was nabbed speeding in his Range Rover Sport in the Free State.
Briefly.co.za reported that Shivambu had been arrested after being caught doing some low-flying on his way to a meeting in Bloemfontein.
Now, the same Range Rover, worth around R1.1 million, has become a point of interest for a Hawks investigation into the VBS Mutual Bank looting.
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READ ALSO: EFF deputy Floyd Shivambu arrested for speeding after being caught doing 182km/h
The Mail & Guardian released the results of a three-week-long investigation, consulting with the Hawks and attempting to probe Shivambu's ownership of the vehicle in an attempt to determine how it was financed.
The report revealed that Shivambu had changed ownership of the car to his cousin, Musa Shivambu in December 2018, at the height of scrutiny in the debacle.
TimesLIVE reports that Shivambu has admitted to owning the Range Rover, saying that he had traded in his financed Range Rover Sport ( 2013) and paid the shortfall in cash:
“I never got any money from VBS, and bought the Range Rover Sport long before I even knew there’s a bank called VBS. The Hawks have not approached me about anything and I will state the facts as they are if they ever approach me."
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