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King Ramabulana prepared to pay back money if proved it was received illegally

15 October 2018 4:04 PM
Tags:
VBS Mutual Bank
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VBS Bank
corruption at VBS Mutual Bank
VBS Mutual Bank — The Great Bank Heist
VBS Bank report
Vhavenda king
king ramabulana
Eyewitness news reporter Pelane Phakgadi gives the latest update from VhaVenda King Ramabulana on VBS.

VhaVenda King Toni Ramabulana has offered to pay back the money he received from the VBS Mutual Bank.

But only if it has been proved that it was given to him illegally.

The King is one of the fifty people that have been implicated in the VBS report titled The Great Bank Heist. The report states that the King received R17 million in gratuitous payments from the bank.

Eyewitness news reporter Pelane Phakgadi is following the story and says the statement issued by King Ramabulana has been carefully worded.

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

The King is basically saying he gets the money all the time from government and entities and he assumes that whatever that is coming through to him is legitimate and is legal.

Pelane Phakgadi, EWN reporter

READ: It seems that the media is pushing a certain agenda with VBS - caller

He is basically saying that if it is found and computed that indeed he has received money and benefited irregularly, he is prepared to pay back the money.

Pelane Phakgadi, EWN reporter

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

He now asks where should he pay the money, how much is it and under what conditions should he be paying it.

Pelane Phakgadi, EWN reporter

Listen to what else the King has said in his statement...


15 October 2018 4:04 PM
Tags:
VBS Mutual Bank
vbs
VBS Bank
corruption at VBS Mutual Bank
VBS Mutual Bank — The Great Bank Heist
VBS Bank report
Vhavenda king
king ramabulana

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