DA welcomes VBS arrests and hopes that municipal officials will be next
17 June 2020
Note to Editors: Please find attached an English soundbite by Cilliers Brink MP, DA Shadow Deputy Minister of Cooperative Governance & Traditional Affairs.
The Democratic Alliance (DA) welcomes the arrest of former insiders of VBS Mutual Bank, as reported by News24 earlier today.
The DA is a complainant in a number of the criminal complaints related to the looting of VBS, and we have been worried about the apparent lack of progress in the case.
The money stolen from VBS included about R2 billion in municipal funds, most of which is unlikely to be recovered.