The suspect says he intends to plead guilty on charges in faces and turn state witness in the case.
The eighth suspect implicated in the looting of VBS Mutual Bank, Philip Truter, was granted bail by the Palm Ridge Specialised Commercial Crime Court on Monday morning, the National Prosecuting Authority confirmed.
The suspect also faces 47 counts including racketeering, theft, fraud, money laundering and corruption following his arrest over the weekend. It was reported that Wienekus transferred the money into VBS Bank three days after he was appointed as acting CFO at the municipality. The former CFO faces up to five years’ imprisonment or a fine, which will be determined by a court. His case was postponed to the 29 July for plea and sentencing.“I have indicated that the investigations on the municipalities are at an advanced stage. This is the beginning and all the other cases are receiving the necessary attention,” said the National Head of the Directorate for Priority Crime Investigation Dr Godfrey Lebeya.
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