The City Press reported on Sunday that a branch manager at VBS was ordered to make an R3 million payment to fund the national congress of the South African Communist Party (SACP) allegedly in exchange for the party’s silence on the bank’s relationship with the controversial Gupta family.
The party has denied these allegations.
The spokesperson for the SACP Alex Mashilo says the party would have known that VBS had paid it money.
When an allegation like this comes forward, we contact our finance department and ask them to look at our national accounts to check incomes received and the sources from which those incomes came from.— Alex Mashilo, Sacp Spokesperson
They have made it very clear that the SACP did not receive a cent from Vele Investments or the VBS.— Alex Mashilo, Sacp Spokesperson
Listen below to the full interview: