LIVE: EFF has no reason to doubt & # 39; to Shivambu in VBS banking affairs – Malema



2018-10-16 12:00

The Economic Freedom Fighters (EFF) hold a media coverage in which they allegedly report on the involvement of party members in the VBS Mutual Bank scandal, among others.

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– Tshidi Madia: @tshidi_lee

– Kyle Cowan: @CowansView

– Pieter du Toit: @PieterDuToit

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EFF leader Julius Malema flanked by other party le

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ICYMI:

VBS scandal: DA challenges EFF & # 39; s Shivambu to undergo a life-style audit

The DA is expected to request the Joint Committee on Ethics and Members' Interests to investigate EFF main whip Floyd Shivambu for payments reportedly received from VBS Mutual Bank.

This follows the revelations of large-scale looting last week at VBS, which were included in a report entitled "The great bank heist". The report, compiled by lawyer Terry Motau and Werksmans Advocaten, was released on Wednesday.

In the report, Shivambu's brother Brian Shivambu was identified as one of the 27 people who reportedly received money from the bank in a "plunder plan" of R1.8bn. Brian Shivambu would have received R16m.

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ICYMI: & nbsp;

VBS scandal: DA challenges EFF & # 39; s Shivambu to undergo a life-style audit& Nbsp;

The DA is expected to request the Joint Committee on Ethics and Members' Interests to investigate EFF main whip Floyd Shivambu for payments reportedly received from VBS Mutual Bank.

This follows the revelations of large-scale robberies at VBS last week, which were included in a report titled & quot; The big bank robbery. The report, compiled by lawyer Terry Motau and Werksmans Advocaten, was released on Wednesday.

In the report, the brother of Shivambu, Brian Shivambu, was identified as one of the 27 people who reportedly received money from the bank in a 'looting plan & # 39; from R1.8bn. Brian Shivambu would have received R16m. & Nbsp;

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ICYMI:

OPINION – The VBS scandal and the democratization of corruption

(By Ralph Mathekga)

The biggest risk for democracy is that the system is only interested in serving the few who are politically connected.

When democracy is seen as the only protection of the interests of the few, the wider masses tend to detach themselves and look for alternative means to pursue their interests in society.

A democracy that does not enjoy greater legitimacy runs the risk of collapsing into an anarchy where powerful interest groups are fighting for resources while everyone is ready to receive the crumbs from the battle between the powerful and connected.

The collapse of VBS Mutual Bank is a clear indication of how corruption can delegitimize our democracy.

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ICYMI: & nbsp;

OPINION – & nbsp; The VBS scandal and the & nbsp;democratization& nbsp; of corruption& Nbsp;

(By Ralph Mathekga)

The biggest risk for democracy is that the system is only interested in serving the few who are politically connected.

When democracy is seen as the only protection of the interests of the few, the wider masses tend to detach themselves and look for alternative means to pursue their interests in society.

A democracy that does not enjoy greater legitimacy runs the risk of collapsing into an anarchy where powerful interest groups are fighting for resources while everyone is ready to receive the crumbs from the battle between the powerful and connected.

The collapse of VBS Mutual Bank is a clear indication of how corruption can deliberate our democracy. & Nbsp; & nbsp;

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ICYMI:

HUMID apologizes to Malema for tweet because he was partially owned by a company in connection with distressed VBS

DA MP Ghaleb Cachalia apologized to EVF leader Julius Malema because his tweet claimed that Malema owned 47% of Dyambeu Investments, which is linked to VBS Mutual Bank.

The EFF said in a statement on Sunday that Cachalia withdrew his allegations "posted as fact" on a letter that threatened to take legal action against his "defamatory, false and deceitful accusations".

"This is evidence of a well-orchestrated propaganda campaign to discredit the good and reliable name of the EFF," the party said.

In a letter dated 13 October, which tweeted the EFF, Cachalia admitted that he could not verify the allegations that Malema owned 47% of Dyambeu Investments.

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ICYMI: & nbsp;

HUMID apologizes to Malema for tweet because he was partially owned by a company in connection with distressed VBS& Nbsp;

DA MP Ghaleb Cachalia apologized to EVF leader Julius Malema because his tweet claimed that Malema owned 47% of Dyambeu Investments, which is linked to VBS Mutual Bank.

The EFF said in a statement on Sunday that Cachalia withdrew his allegations "posted as fact" on a letter that threatened to take legal action against his "defamatory, false and deceitful accusations".

"This is evidence of a well-orchestrated propaganda campaign to discredit the good and reliable name of the EFF," the party said.

In a letter dated 13 October, which the EFF tweeted, Cachalia admitted that he could not verify the allegations that Malema owned 47% of Dyambeu Investments. & Nbsp;

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ICYMI:

Shivambu brothers on VBS report: Brian wants review, Floyd denies R10m

Brian Shivambu is the latest party involved in an explosive forensic report on the collapse of VBS Mutual Bank, which aims to have it revised.

According to a devastating report entitled The Great Bank Heist, compiled by lawyer Terry Motau and law firm Werksmans, Shivambu – owner of Sgameka projects – received R16m from VBS.

He has since denied this, claiming not to have received a penny from the bank and threatening to go after those who have slandered him.

His lawyer Victor Nkhwashu told News24 that he had received instructions from his client to study the report and give him advice on the way forward.

"He has asked us to go over and analyze the report and to give him advice on the legal steps he has at his disposal that he intends to take," said Nkhwashu, adding that the primary assignment is the report to take over.

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ICYMI: & nbsp;

Shivambu brothers on VBS report: Brian wants review, Floyd denies R10m& Nbsp;

Brian Shivambu is the latest party involved in an explosive forensic report on the collapse of VBS Mutual Bank, which aims to have it revised.

According to a devastating report entitled & nbsp; The Great Bank Heist & nbsp; curated by lawyer Terry Motau and law firm Werksmans, Shivambu – owner of Sgameka projects – received R16m from VBS.

He has since denied this, claiming not to have received a penny from the bank and threatening to go after those who have slandered him.

His lawyer Victor Nkhwashu told News24 that he had received instructions from his client to study the report and give him advice on the way forward.

"He has asked us to go over and analyze the report and to give him advice on the legal steps he has at his disposal that he intends to take," said Nkhwashu, adding that the primary instruction is the report to take over. & Nbsp;

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ICYMI:

Former actor Eskom CEO, Floyd Shivambu trade blows on Twitter

Former Eskom acting CEO Matshela Koko and EFF deputy president Floyd Shivambu have not played happy families on Twitter when it comes to the VBS Mutual Bank scandal.

Koko went Thursday on Twitter to seemingly give the EFF a dose of his own medicine, asking people if Shivambu should be linked to the alleged criminal activities of his younger brother Brian.

Brian Shivambu, owner of Sgameka projects, reportedly received R16m from the collapsed VBS Mutual Bank, according to a report entitled "The Great Bank Heist".

The destructive forensic report of lawyer Terry Motau and law firm Werksmans Advocaten was issued this week by the South African Reserve Bank (SARB).

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ICYMI: & nbsp;

Former actor Eskom CEO, Floyd Shivambu trade blows on Twitter& Nbsp;

Former Eskom acting CEO Matshela Koko and EFF deputy president Floyd Shivambu have not played happy families on Twitter when it comes to the VBS Mutual Bank scandal.

Koko went Thursday on Twitter to seemingly give the EFF a dose of his own medicine, asking people if Shivambu should be linked to the alleged criminal activities of his younger brother Brian.

Brian Shivambu, owner of Sgameka projects, reportedly received R16m from the collapsed VBS Mutual Bank, according to a report entitled "The Great Bank Heist". & Nbsp;

The destructive forensic report of lawyer Terry Motau and law firm Werksmans Advocaten was published this week by the South African Reserve Bank (SARB). & Nbsp;

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ICYMI:

No revelations by Floyd Shivambu in the Member Registers since 2014

EFF Vice-President Floyd Shivambu has not stated anything in the interests of Parliament's register since he became a Member of Parliament in 2014.

Shivambu is in the middle of the VBS Mutual Bank scandal after allegations of large-scale looting to the bank were revealed in a forensic report. His younger brother, the company of Brian Shivambu, was one of the 27 people who had received money from the bank in a "plunder" of R1.8bn.

The report, drafted by lawyer Terry Motau, was released Wednesday by the SA Reserve Bank (SARB).

A day later, Daily Maverick revealed that Floyd Shivambu himself received about R10m through the company of Brian Shivambu.

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ICYMI: & nbsp;

No revelations by Floyd Shivambu in the Member Registers since 2014& Nbsp;

EFF Vice-President Floyd Shivambu has not stated anything in the interests of Parliament's register since he became a Member of Parliament in 2014.

Shivambu is in the middle of the VBS Mutual Bank scandal after allegations of large-scale looting have been disclosed to the bank in a forensic report. His younger brother, the company of Brian Shivambu, was one of the 27 people who had received money from the bank in a "plunder" of R1.8bn.

The report, drafted by lawyer Terry Motau, was released Wednesday by the SA Reserve Bank (SARB).

A day later, & nbsp; Daily Maverick & Nbsp; that Floyd Shivambu himself received about R10m through the company of Brian Shivambu. & Nbsp;

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ICYMI:

EFF Vice President Floyd Shivambu was said to have been involved in another scandal report

EFF Deputy President Floyd Shivambu, who is already under fire in the VBS Mutual Bank scandal, seems embroiled in another scandal in connection with a controversial businessman who is being investigated for his role in alleged impropriety at the Public Investment Corporation (PIC) .

On Friday, the Mail & Guardian reported that it had seen screenshots of text messages as a conversation between Floyd and the businessman suggesting a direct link between the EVF vice president and the company of his brother Brian Shivambu.

In those reports, Floyd provided Brian's business account data to controversial PIC beneficiary Lawrence Mulaudzi.

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ICYMI: & nbsp;

EFF Vice President Floyd Shivambu was said to have been involved in another scandal report& Nbsp;

EFF Deputy President Floyd Shivambu, who is already under fire in the VBS Mutual Bank scandal, seems embroiled in another scandal in connection with a controversial businessman who is being investigated for his role in alleged impropriety at the Public Investment Corporation (PIC) .

On Friday, the & nbsp; mail & amp; Guardian reported & nbsp; that it had seen screenshots of text messages as a conversation between Floyd and the businessman, suggesting a direct link between the EVF deputy president and the business of his brother Brian Shivambu.

In those reports, Floyd provided Brian's corporate account data to controversial PIC beneficiary Lawrence Mulaudzi. & Nbsp;

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ICYMI:

Dali Mpofu on VBS: What, me to worry?

EVF chairman Dali Mpofu on Thursday tried to get comments from him after revelations that the brother of the deputy president Floyd Shivambu R16m received in the debacle of the VBS Mutual Bank. The Daily Maverick has since reported that part of that money found its way to the cash of Shivambu and the party.

Mpofu, whose clients as lawyers include controversial persons, such as suspended South African sales commissioner Tom Moyane, refused to recognize eNCA business reporter Dimakatso Thugwana that the party should take into account the ties between one of its senior leaders and the looting at VBS.

Thugwana, who repeatedly came to Mpofu, opened her questioning the EFF heavyweight by asking him if the party had received money from VBS. But Mpofu did not play a ball.

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ICYMI: & nbsp;

Dali Mpofu on VBS: What, me to worry?& Nbsp;

EVF chairman Dali Mpofu on Thursday tried to get comments from him after revelations that the brother of the deputy president Floyd Shivambu R16m received in the debacle of the VBS Mutual Bank. The Daily Maverick has since reported that part of that money found its way to the cash of Shivambu and the party.

Mpofu, whose clients as lawyers include controversial persons, such as suspended South African sales commissioner Tom Moyane, refused to recognize eNCA business reporter Dimakatso Thugwana that the party should take into account the ties between one of its senior leaders and the looting at VBS. & nbsp;

Thugwana, who repeatedly came to Mpofu, opened her questioning the EFF heavyweight by asking him if the party had received money from VBS. But Mpofu did not play a ball. & Nbsp;

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ICYMI:

EFF ignores the Shivambu family link in VBS response statement

The EFF expressed concern about a report that reveals large-scale fraud at VBS Mutual Bank, but did not say a word about the relative of one of its leaders, who was mentioned as a participant in a "plunder plan".

News24 reported earlier that Brian Shivambu, brother of EVF Vice President Floyd Shivambu, received R16m from the now collapsed VBS Mutual Bank.

Brian Shivambu was on a list of 27 people and companies that received the largest amounts from the bank in a "plunder plan" totaling R1.8bn.

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ICYMI: & nbsp;

EFF ignores the Shivambu family link in VBS response statement& Nbsp;

The EFF expressed concern at a report that reveals large-scale fraud at VBS Mutual Bank, but did not say a word about the relative of one of its leaders, who was mentioned as a participant in a "plunder plan". & Nbsp;

News24 & nbsp; previously reported that Brian Shivambu, brother of EVF Vice President Floyd Shivambu, received R16m from the now collapsed VBS Mutual Bank.

Brian Shivambu was on a list of 27 people and companies that received the largest amounts from the bank in a "plunder plan" totaling R1.8bn.

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