EFF ignores Shivambu family link in VBS reaction statement
11 October 2018
The EFF has expressed its concern about a report revealing large-scale fraud at VBS Mutual Bank, but didn't mention a word about the relative of one its leaders, who was named as a participant in a "looting scheme".
News24 previously reported that Brian Shivambu, the brother of EFF deputy president Floyd Shivambu, received R16m from the now collapsed VBS Mutual Bank.
Brian Shivambu was on a list of 27 people and companies who received the largest amounts of money from the bank in a "looting scheme" totalling R1.8bn.
The list was contained in an investigation report compiled by advocate Terry Motau, titled "The Great Bank Heist".Motau's report was not clear about what the cash payments to Shivambu were for.