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Phillip Truter Sentenced

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Former VBS Mutual Bank CFO Phillip Truter at the Palm Ridge magistrate’s court on October 7 2020. He has been jailed after reaching a plea and sentence agreement with the state.Image: Ernest Mabuza
VBS MUTUAL BANK

Seven-year jail term for former VBS bank CFO Phillip Truter

Former VBS Mutual Bank chief financial officer Phillip Truter was on Wednesday sentenced to an effective seven years in prison for his role in the looting of the bank. Truter was the eighth suspect who appeared in the Johannesburg…

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