Ex-VBS Mutual Bank Shareholder Hopes Former CEO, Treasurer Will Confess to Looting

SA Court News

Ex-VBS Mutual Bank Shareholder Hopes Former CEO, Treasurer Will Confess to Looting
Pretoria
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VBS Mutual Bank's former CEO Andile Ramavhunga and the bank's former CEO, treasurer and non-executive members will appear before the Pretoria High Court.

Former VBS Mutual Bank's CEO Andile Ramavhunga, the bank's former treasurer Phophi Mukhodobwane and other senior officials will appear in court

The group are accused of activities that resulted in the bank's collapse after billions were looted from the bank's coffers One of the bank's former shareholders hopes that those accused of pillaging the bank would come clean about their involvementcurrent affairs journalist, contributed coverage of international and local social issues like health, corruption, education, unemployment, service delivery protests and heritage in South Africa during his seven years at Daily Sun and Vutivi

VBS's ex-top officials will appear in court. Images: Gulshan Khan/ AFP via Getty Images and seng kui Lim/ 500 px, the bank's ex-CEO Andile Ramavhunga, the former treasurer Phophi Mukhodobwane, and two non-executive members, Paul Magula and Ernest Nesane, will appear on 22 July. They have beenOne of the bank's former shareholders, Robert Livhoyi, has called on them and others who might be accused in the future to come clean about their activities in looting and pillaging the bank.

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