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Vbs Mutual Bank Saga

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

VBS bank’s ex-finance boss Phillip Truter pleads guilty

Former VBS Mutual Bank CFO Phillip Truter on Wednesday pleaded guilty to six counts related to looting of funds at the bank. Truter was the eighth suspect who appeared in the Johannesburg Specialised Commercial Crimes Court, sitting at…

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Luthuli House, the ANC’s headquarters in Johannesburg. File photoImage: Sowetan
ANC S NATIONAL INTEGRITY COMMISSION

ANC members implicated in VBS saga must ‘step aside’

The ANC’s National Integrity Commission has recommended to the National Executive Committee that office bearers and party members implicated in the VBS Mutual Bank saga should be directed to step aside from all leadership positions and…

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