VBS scandal: Paul Mashatile admits ANC received 2 payments from Vele Investments
ANC treasurer general Paul Mashatile has entered the fray in the debate relating to large-scale looting at VBS Mutual Bank.
He admitted that the party received R2m from the now collapsed bank.
This after the Sunday Times reported that the party received a R2m donation from the bank's majority shareholder, Vele Investments.
On Thursday, Mashatile confirmed to eNCA exclusively that the amount was received through Vele Investments.
He said the investment company paid R2m to a service provider on behalf of the ANC ahead of the 2016 local government elections, but that he did not know what it was for.