VBS scandal: Vhembe mayor seeking legal advice on municipality's dealings with collapsed bank
17 October 2018
Vhembe district municipality Mayor Florence Radzilani has claimed she was not aware that the municipality had conducted any business with VBS Mutual Bank, and is seeking legal advice on the matter.
Radzilani is one of the more than 50 people implicated in the report into large-scale fraud at the bank, following its collapse earlier this year.
She allegedly received an amount of R300 000. Her municipality reportedly invested R300m in the bank.
The mayor on Wednesday said she and her legal team were busy studying the report "so they would be able to give me legal advice".