EFF confirms that money was exchanged between the Shivambu brothers- Hawks must investigate
16 October 2018
The Economic Freedom Fighters’ press conference on the VBS looting was all sound and fury and fell short on clarifying Floyd Shivambu’s involvement in the VBS scandal. Instead, it was a flimsy attempt to divert attention by launching veiled attacks on the National Treasury, the South Africa Reserve Bank (SARB) and journalists on unverified allegations.
The Democratic Alliance calls on the Hawks to launch an official investigation into allegations against Shivambu on the role that he, and his brother, may have played in the VBS heist.
The SARB’s report implicates Brian Shivambu as a major beneficiary of the VBS heist to the tune of R 16 million. Julius Malema confirmed that as brothers, there were numerous transactions between Floyd and Brian. He could not rule out the possibility that proceeds of crime may have funded functions of the organisation. As such a full forensic investigation is necessary.
It is simply not enough for the EFF to claim they have satisfied themselves by looking at Floyd’s bank statements. The Hawks must now conduct a full investigation to establish definitively whether the money that was sent from Brian to Floyd was through the proceeds of the VBS Heist.