Why VBS Mutual Bank looters - and all the many others - are not (yet) in jail

Cosatu marched to the office of Limpopo Premier Stan Mathabatha to put pressure on him to take action against those implicated in the VBS Mutual Bank fraud. Picture: @_cosatu /Twitter

Law enforcement has been broken…

Bernard Hotz, Head of Business Crimes and Investigations - Werksmans

A lot of us would love to see people going to jail tomorrow… Down the line, we can see some consequences for this rotten behaviour.

Bernard Hotz, Head of Business Crimes and Investigations - Werksmans

Money stolen from VBS Mutual Bank funded the EFF’s fourth birthday party wrote Scorpio investigative journalist Pauli van Wyk on Thursday.

Then there’s Prasa’s too-tall trains con and a host of other high-profile cases of fraud and looting.

What are the next steps the prosecuting authorities need to take?

The Money Show’s Bruce Whitfield interviewed Bernard Hotz, Head of Business Crimes and Investigations at Werksmans.

Listen to the interview in the audio below (and scroll down for more quotes from it).

It’s appalling but it’s also wonderful… if you take the Zondo Commission; it is huge… How does law enforcement deal with this?

Bernard Hotz, Head of Business Crimes and Investigations - Werksmans

We have to exercise a degree of patience. As long as we have confidence in the NPA… I’m feeling positive…

Bernard Hotz, Head of Business Crimes and Investigations - Werksmans

The sense of frustration; I feel it too… We cannot allow our law enforcement to be permeated by rotten people…

Bernard Hotz, Head of Business Crimes and Investigations - Werksmans

Criminals use the best lawyers to defend them. They use their ill-gotten gains…

Bernard Hotz, Head of Business Crimes and Investigations - Werksmans

People need to go to jail. People need to have their assets… confiscated!

Bernard Hotz, Head of Business Crimes and Investigations - Werksmans

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