ANC Limpopo postpones PEC meeting amid VBS fraud allegations

The Provincial Executive Committee (PEC) of the ANC in Limpopo has postponed a meeting that was scheduled to take place on Thursday night, to discuss the VBS Mutual Bank 'heist' report.

Senior leaders in the region have been implicated in the R1.8bn fraud investigation against VBS Mutual Bank.

One of the individuals, Deputy chairperson of the ANC in Limpopo Florence Radzilani has been accused of investing R300 million from the Vhembe District Municipality in the embattled bank and in turn received bribes.

READ: Action to be taken against ANC officials implicated in VBS report

ALSO READ: Did Floyd Shivambu and the EFF benefit from the looting of VBS Mutual Bank?

Limpopo ANC provincial secretary Soviet Lekganyane says the meeting has been moved to Sunday.

We could not get the availability of the provincial chairperson and myself the provincial secretary, we had other commitments which could not finish ahead of time and so we will have the meeting on Sunday morning.

Soviet Lekganyane, Limpopo ANC provincial secretary

We have read the report, we carefully studied it and there are things that we have found in the report which for now we may not be able to speak on conclusively because we have not reached a decision.

Soviet Lekganyane, Limpopo ANC provincial secretary

Lekganyane says eleven municipalities in Limpopo illegally banked with VBS, four of which withdrew their monies.

He says an organisational report is being compiled in this regard.

We have compiled a report that comes from our deployees not from the municipalities. The provincial treasury in the province is doing his own investigation. The report is under consideration by the leadership.

Soviet Lekganyane, Limpopo ANC provincial secretary

Click on the link below to hear more on the matter....


Recommended

by NEWSROOM AI
Read More
Did Floyd Shivambu and the EFF benefit from the looting of VBS Mutual Bank?

Did Floyd Shivambu and the EFF benefit from the looting of VBS Mutual Bank?

The Money Show’s Bruce Whitfield interviews Business Day financial journalist Warren Thompson.

Action to be taken against ANC officials implicated in VBS report

Action to be taken against ANC officials implicated in VBS report

On Wednesday, the Reserve Bank released details of the R1.8 billion fraud and corruption at the bank.

Reserve Bank denies any regulatory supervisory failures in the VBS saga

Reserve Bank denies any regulatory supervisory failures in the VBS saga

Reserve Bank Governor, Lesetja Kganyago, says the forensic report will be handed to law enforcement authorities for prosecution.

'EFF should trade red overalls for orange ones'

'EFF should trade red overalls for orange ones'

Callers to the Eusebius McKaiser show weighed in on the VBS scandal.

R10 million siphoned from VBS to Floyd Shivambu's personal account

R10 million siphoned from VBS to Floyd Shivambu's personal account

Top ANC officials, along with senior EFF members are among those being fingered in the scandal relating to more than R1 billion being siphoned out of VBS Mutual Bank.

'VBS is being investigated and there is progress in that regard' - Hawks

'VBS is being investigated and there is progress in that regard' - Hawks

A report published by the SARB shows that close to R2 billion had been looted from the bank by over 50 individuals.

 VBS Mutual Bank 'heist' report recommends criminal charges

VBS Mutual Bank 'heist' report recommends criminal charges

The report was released to the public on Wednesday, implicating VBS directors and executives who pocketed millions.

Execs at VBS Mutual Bank plundered it to death, it can’t be saved - report

Execs at VBS Mutual Bank plundered it to death, it can’t be saved - report

"VBS Mutual Bank — The Great Bank Heist". Bruce Whitfield interviews Intellidex Financial Analyst Stuart Theobald.

The missing R80 million from Community Schemes Ombud Service is with VBS bank

The missing R80 million from Community Schemes Ombud Service is with VBS bank

The bank is currently under curatorship which means the money cannot be accessed.

VBS Bank reports are very mischievous and misleading - ANC Limpopo

VBS Bank reports are very mischievous and misleading - ANC Limpopo

ANC Limpopo responds to questions raised around it reviving VBS Bank.

Popular articles
ASOM: You can be a groundbreaker, a leader and a lady - Lerato Mbele-Roberts

ASOM: You can be a groundbreaker, a leader and a lady - Lerato Mbele-Roberts

BBC World News journalist, Lerato Mbele-Roberts shares a personal story of her experience at her Alma Mater (St Mary's School).

I've finally decided to start my 1st solo project - Zolani Mahola, Freshlyground

I've finally decided to start my 1st solo project - Zolani Mahola, Freshlyground

On the #WeekendBreakfast with Africa Melane, Zolani Mahola of Freshlyground tells us all about her first solo project.

Stormy weather expected over parts of South Africa

Stormy weather expected over parts of South Africa

The South African Weather Service is predicting some much-needed rain over some parts of South Africa over the weekend.

Sunday Times has seven days to confess to state capture role, warns O'Sullivan

Sunday Times has seven days to confess to state capture role, warns O'Sullivan

Private eye Paul O'Sullivan says the Sunday Times was an integral part of state capture and needs to come clean or face a boycott.

[WATCH] Is it a cow's penis or an udder? Well, this kid thinks it's a penis

[WATCH] Is it a cow's penis or an udder? Well, this kid thinks it's a penis

Check out the videos, tweets, Facebook posts that have gone viral and why this kid cheered her dad on in the toilet.

Meet Johann Redelinghuys, a man hell-bent on ending retirement (as we know it)

Meet Johann Redelinghuys, a man hell-bent on ending retirement (as we know it)

“Why try and make retirement more palatable? Why not just abolish it completely?” says headhunter Johann Redelinghuys.