ANC Limpopo postpones PEC meeting amid VBS fraud allegations

The Provincial Executive Committee (PEC) of the ANC in Limpopo has postponed a meeting that was scheduled to take place on Thursday night, to discuss the VBS Mutual Bank 'heist' report.

Senior leaders in the region have been implicated in the R1.8bn fraud investigation against VBS Mutual Bank.

One of the individuals, Deputy chairperson of the ANC in Limpopo Florence Radzilani has been accused of investing R300 million from the Vhembe District Municipality in the embattled bank and in turn received bribes.

READ: Action to be taken against ANC officials implicated in VBS report

ALSO READ: Did Floyd Shivambu and the EFF benefit from the looting of VBS Mutual Bank?

Limpopo ANC provincial secretary Soviet Lekganyane says the meeting has been moved to Sunday.

We could not get the availability of the provincial chairperson and myself the provincial secretary, we had other commitments which could not finish ahead of time and so we will have the meeting on Sunday morning.

Soviet Lekganyane, Limpopo ANC provincial secretary

We have read the report, we carefully studied it and there are things that we have found in the report which for now we may not be able to speak on conclusively because we have not reached a decision.

Soviet Lekganyane, Limpopo ANC provincial secretary

Lekganyane says eleven municipalities in Limpopo illegally banked with VBS, four of which withdrew their monies.

He says an organisational report is being compiled in this regard.

We have compiled a report that comes from our deployees not from the municipalities. The provincial treasury in the province is doing his own investigation. The report is under consideration by the leadership.

Soviet Lekganyane, Limpopo ANC provincial secretary

Click on the link below to hear more on the matter....


This article first appeared on 702 : ANC Limpopo postpones PEC meeting amid VBS fraud allegations


Recommended

by NEWSROOM AI
Read More
Did Floyd Shivambu and the EFF benefit from the looting of VBS Mutual Bank?

Did Floyd Shivambu and the EFF benefit from the looting of VBS Mutual Bank?

The Money Show’s Bruce Whitfield interviews Business Day financial journalist Warren Thompson.

Action to be taken against ANC officials implicated in VBS report

Action to be taken against ANC officials implicated in VBS report

On Wednesday, the Reserve Bank released details of the R1.8 billion fraud and corruption at the bank.

Reserve Bank denies any regulatory supervisory failures in the VBS saga

Reserve Bank denies any regulatory supervisory failures in the VBS saga

Reserve Bank Governor, Lesetja Kganyago, says the forensic report will be handed to law enforcement authorities for prosecution.

'EFF should trade red overalls for orange ones'

'EFF should trade red overalls for orange ones'

Callers to the Eusebius McKaiser show weighed in on the VBS scandal.

R10 million siphoned from VBS to Floyd Shivambu's personal account

R10 million siphoned from VBS to Floyd Shivambu's personal account

Top ANC officials, along with senior EFF members are among those being fingered in the scandal relating to more than R1 billion being siphoned out of VBS Mutual Bank.

'VBS is being investigated and there is progress in that regard' - Hawks

'VBS is being investigated and there is progress in that regard' - Hawks

A report published by the SARB shows that close to R2 billion had been looted from the bank by over 50 individuals.

 VBS Mutual Bank 'heist' report recommends criminal charges

VBS Mutual Bank 'heist' report recommends criminal charges

The report was released to the public on Wednesday, implicating VBS directors and executives who pocketed millions.

Execs at VBS Mutual Bank plundered it to death, it can’t be saved - report

Execs at VBS Mutual Bank plundered it to death, it can’t be saved - report

"VBS Mutual Bank — The Great Bank Heist". Bruce Whitfield interviews Intellidex Financial Analyst Stuart Theobald.

The missing R80 million from Community Schemes Ombud Service is with VBS bank

The missing R80 million from Community Schemes Ombud Service is with VBS bank

The bank is currently under curatorship which means the money cannot be accessed.

VBS Bank reports are very mischievous and misleading - ANC Limpopo

VBS Bank reports are very mischievous and misleading - ANC Limpopo

ANC Limpopo responds to questions raised around it reviving VBS Bank.

Popular articles
#Changemakers2018: I don't like talking about myself, but I need to - Ray Zondo

#Changemakers2018: I don't like talking about myself, but I need to - Ray Zondo

At the #Changemakers2018 conference, Deputy Chief Justice of SA Raymond Zondo spoke about the struggles he faced growing up.

News24 exposes how big SA corporates are funding fake news

News24 exposes how big SA corporates are funding fake news

A News24 investigation has exposed how some of South Africa's biggest companies have been advertising on fake news websites.

[Watch] SA choir stuns with isiZulu cover of Ed Sheeran’s ‘Shape of You’

[Watch] SA choir stuns with isiZulu cover of Ed Sheeran’s ‘Shape of You’

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone Viral'.

[WATCH] Man exposes people selling stolen goods on Facebook

[WATCH] Man exposes people selling stolen goods on Facebook

Anton Fourie says he used his phone to record the interaction to create awareness of what is going on in the community.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.