Talk of the Town

Vbs Bank

Latest news & developments
COURT

VBS former boss loses another court bid to save his assets

The Supreme Court of Appeal (SCA) has dismissed an application by former VBS Bank chief executive Andile Ramavhunga and his wife, Zanele, who wanted leave to appeal a sequestration order. This week the SCA dismissed the Ramavhunga’s…

  • TimesLIVE
The VBS Mutual Bank accused during their first appearance in the Palm Ridge magistrate’s court a few weeks ago.Image: ALON SKUY
COURT

Former VBS Bank CFO Phillip Truter says he’ll plead guilty

The former CFO of VBS Mutual Bank, Phillip Truter, on Monday morning indicated he intended to plead guilty to the charges he faces. National Prosecuting Authority (NPA) spokesperson Sipho Ngwema said Truter, the eighth suspect arrested in…

  • TimesLIVE
CORRUPTION

Floyd Shivambu denies he received R10m from VBS

EFF deputy president Floyd Shivambu has denied ever having any dealings with or receiving R10m from VBS bank‚ referring to attempts to link the EFF to the bank as “disingenuous and patently weak”. “Ever since the VBS Heist Report was…

  • TimesLIVE