A former municipal manager of a NW municipality allegedly illegally invested the government institution's millions of rand in the now-defunct VBS Bank, apparently in exchange for kickbacks of two vehicles and a R1.2m mortgage for a property. IsaacPat
Isaac MahlanguA former municipal manager of a North West municipality allegedly illegally invested the government institution's millions of rand in the now-defunct VBS Mutual Bank, apparently in exchange for kickbacks of two vehicles and a R1.2m mortgage for a property.
Thabiso Isaac Mokwena, 61, made his first appearance in the Mahikeng regional court on Wednesday for his alleged role which saw the municipality losing almost R84m in the VBS looting scandal...If you have already registered or subscribed, please sign in to continue.
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More VBS suspects to face the musicThe suspect was expected to appear in the Mahikeng Regional Court on Wednesday on charges of contravening of the Municipal Finance Management Act (MFMA) and the Prevention and Combating of Corrupt Activities Act.
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Suspect who ‘took part in VBS looting’ arrested by the HawksA man who allegedly took part in the looting of VBS Mutual Bank has been arrested by the Hawks.
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Another suspect nabbed for VBS-related corruptionR92 million worth of taxpayer money was invested into VBS, in contravention of the Municipal Finance Management Act.
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Another alleged VBS looter granted bail after case postponedMokwena is reported to have received kickbacks in the form of credit facilities for the purchase of two vehicles and property in Klerksdorp.
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VBS looting suspect granted bailThabo Mokwena, a former municipal manager and accounting officer at the municipality, made his first appearance in the Mahikeng Regional Court on Wednesday.
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Another suspect nabbed for VBS-related corruptionR92 million worth of taxpayer money was invested into VBS, in contravention of the Municipal Finance Management Act.
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