South Africa Arrests 8 in Country’s ‘Biggest Bank Robbery’ – OCCRP

Prosecutors announced on Wednesday that eight suspects were arrested for their role in siphoning over US$157 million out of VBS Bank, a publicly owned lender that primarily provides mortgages and short-term loans to low-income South Africans. Head of the National Prosecuting Authority Shamila Batohi announced on Wednesday that 8 individuals were arrested in connection with…

Insolvency rates to flow when stimulus tap turns off – Sunshine Coast Daily

ONE of the regions largest liquidation firms fear waves of insolvency rates will flow on the Sunshine Coast once the government support tap turns off. Worrells Solvency and Forensic Accountants partner Paul Nogueira said insolvency rates had been down since March due to the Federal Governments lifeline packages which kept businesses afloat. READ: No incentive:…