'R1.8 million of the illicit VBS funds went to the EFF and Julius Malema'
It seems the EFF has been caught with its hands in the cookie jar after weeks of denying any links with VBS Mutual Bank.
An article in the Daily Maverick has provided proof of a link between Malema and more than a million rand that was syphoned off from the bank.
Investigative journalist Pauli Van Wyk explains how Julius Malema personally benefitted from the systematic raiding of VBS bank.
Through two front companies, the EFF and Julius Malema, personally and in the capacity of the company derived direct benefit from the stolen funds. We have traced over 1.8 million directed to the EFF which included the funding for their party anniversary in 2017.Pauli Van Wyk, investigative journalist
About R430 000 went to a luxury house in Sandown, Johannesburg and the house is registered in the EFF's name and it is a house that Julius Malema has lived in for a very long time.Pauli van Wyk, investigative journalist, Daily Maverick
To hear the rest of the conversation with Pauli Van Wyk, listen below:
The party is holding its national elective conference at Nasrec this weekend amid a row over media accreditation.Read More
A High Court judge has extended an interdict stopping law enforcement officials from issuing fines and harassing homeless people.Read More
Department of Home Affairs spokesperson, Siya Qoza, explains how the power outages affected services to verify identities.Read More
The High Court has dismissed the Public Protector's application for leave to appeal the Estina Dairy Farm report ruling.Read More
Political analyst Ralph Mathekga looks at the upcoming Economic Freedom Fighters National People’s Assembly starting on Friday.Read More
Premier Alan Winde and ANC's Cameron Dugmore are behind Matakata, who's tasked with bringing stability to policing in the province.Read More
Refilwe Moloto interviews Marks on her first visit to Cape Town since taking up her new role.Read More
Sarb Governor Lesetja Kganyago highlights responsibilities of Reserve Bank and why interest rates are a tool not policy objective.Read More
W Cape MEC for Community Safety Albert Fritz discusses the new appointment of Yolisa Matakata as the top cop in the province.Read More
UK correspondent Peter Anderson gives his take on what's described as UK's most significant election for a generation.Read More