South Africans have grown wearily accustomed to crime and corruption on a staggering level, and that’s perhaps part of why the VBS Bank looting is often seen as ‘just another’ case of crooks with their hands in the cookie jar.
The saddest part of it all, of course, is that the cookie jar in question contained the life savings of some of South Africa’s most vulnerable citizens, and was used to fund lavish lifestyles of excess.
After all, how is Julius Malema going to afford all those Gucci and Louis Vuitton goodies?
Thankfully, some heads are finally rolling, with the Hawks arresting eight suspects last month.
In a recent show, Carte Blanche looked at how and where it all went so wrong:
For years, VBS Mutual was the bank of choice for thousands of people in Limpopo. But behind closed doors, some bank employees and government officials were involved in an intricate inside job, siphoning off millions from the accounts of unsuspecting clients.
Now, could the ongoing investigation by the Hawks and the NPA into the corruption and fraud that plagued the embattled bank, finally put the criminals responsible behind bars? Carte Blanche unravels how this trusted entity left so many destitute.
The Hawks and the NPA will have to do the hard work, as we know that the ruling party won’t do so.
In fact, earlier this week the ANC decided to reinstate former Limpopo provincial treasurer Danny Msiza and former Vhembe mayor Florence Radzilani, both of whom appear to have played central roles in the looting of VBS Bank.
Disdain for South African citizens left destitute by the plundering of the bank’s funds doesn’t get more brazen than that.
Buckle up, and let the looting begin:
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