Two accountants fail to appear at SAICA hearings into VBS, with no excuse given

The first two accountants implicated in the VBS Mutual bank scandal, Andile Ramavhunga and Tshifhiwa Matodzi, have failed to appear at the hearing by the South Africa Institute of Chartered Accountants.

Ramavhunga and Matodzi are part of nine members named in Advocate Terry Motau’s 'Great Bank Heist' report which details how R1.8 billion was brazenly stolen from the mutual bank.

They did not provide any reasons to the committee as to why they were absent.

Ahmed Kajee, EWN reporter

READ: Mahumapelo linked to illegal deposits at VBS by NW municipalities

The committee wanted to ensure that processes were followed when delivering the notices. They called the legal offices to find out if mails were sent and the personal details were correct.

Ahmed Kajee, EWN reporter

Kajee says the driver was not allowed into the Matodzi's residence by security.

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

The security said they haven't seen Matodzi since January.

Ahmed Kajee, EWN reporter

Listen to what the way forward is...


This article first appeared on 702 : Two accountants fail to appear at SAICA hearings into VBS, with no excuse given


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