The great bank heist: Malema, Shivambu, Matodzi, and the VBS scandal

In an explosive 70-page “witness statement”, former VBS chairperson Tshifhiwa Matodzi has laid bare the corruption that rotted the bank from within. Although he does preface his statement with an apology to all those affected, including depositors, stakeholders, shareholders, staff, members of the public and taxpayers, the statement is devoid of emotion. As early as page six, he flatly states: “We engaged in a web of corrupt activities.” National Treasury Dondo Mogajane, through a legal representative, denied any impropriety in his dealings with VBS Bank and/or Mr Matodzi. Story by: Pauli van Wyk Additional story by: Neesa Moodley Video by: Victoria O'Regan Additional videos by: Emilie Gambade and Malibongwe Tyilo Edited by: Malibongwe Tyilo #southafrica #vbs #investigations #dailymaverick

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