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 South Africa’s stolen VBS funds. (Credit: National Prosecuting Authority of South Africa)Head of the National Prosecuting Authority Shamila Batohi referred to the alleged theft, which occurred between 2015 and 2018, as probably the biggest bank robbery in the county,” and assured that there would be a further examination of the evidence to ensure that anyone else co…
Read the full article at: https://www.occrp.org/en/27-ccwatch/cc-watch-briefs/12576-south-africa-arrests-8-in-country-s-biggest-bank-robbery
