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New proof prior to the high court demonstrates that ANC Limpopo treasurer basic Danny Msiza presumably really benefited through the wide-scale looting of VBS Mutual Bank, despite their denials

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New proof prior to the high court demonstrates that ANC Limpopo treasurer basic Danny Msiza presumably really benefited through the wide-scale looting of VBS Mutual Bank, despite their denials

Msiza presumably received more he and his wife are directors, from a middleman who facilitated multimillion-rand unlawful deposits from municipalities into VBS, Kabelo Matsepe than cheap essay writing service r1.5m paid to a company of which.

Matsepe’s business Moshate, also presumably assisted in servicing A r9.5m relationship vbs provided to Msiza’s business for a Polokwane home under questionable circumstances by VBS.

Msiza had been identified in a report that is explosive advocate Terry Motau, SC, en titled the truly amazing bank heist’ , as a kingpin whom facilitated through their governmental influence the ‘investments’ by Limpopo municipalities in VBS bank, totalling vast sums of rands.

VBS ended up being placed directly under curatorship in March this which led to many of the municipality’s deposits being ‘frozen’ year. These municipalities are now actually dealing with ruin that is financial will tend to be placed directly under management while they find it difficult to get over the depletion of these coffers.

The officials that are municipal paid ‘commissions’ or bribes to facilitate the opportunities, that have been utilized to connect cash gaps within the bank’s publications.