The case against seven people arrested in connection with the plundering of VBS Mutual Bank was postponed on Tuesday until March 26. The prosecution asked the specialised commercial crimes court to give it time to add three further…
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…
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…
A former manager at the Merafong municipality was arrested on Thursday in connection with R50m that was invested with VBS Mutual Bank. The 64-year-old suspect was scheduled to appear in the Pretoria Specialised Commercial Crime Court on…
The eight men arrested in connection with the plundering of VBS Mutual Bank face a raft of charges including money laundering, theft, fraud and corruption. The group appeared in the Palm Ridge Regional Court on Thursday morning. The total…
VBS Mutual Bank will be liquidated after an application by the Reserve Bank’s Prudential Authority was unopposed at the high court in Pretoria on Tuesday. The bank was placed under curatorship in March after looting by executives led to a…
