Accountants implicated in VBS scandal fail to appear at hearing

File: An application to liquidate the collapsed VBS bank will be heard on Tuesday.

File: An application to liquidate the collapsed VBS bank will be heard on Tuesday.

eNCA

Two accountants implicated in the VBS Mutual Bank fraud have failed to appear before a disciplinary hearing by the South African Institute of Chartered Accountants. Courtesy #DStv403

JOHANNESBURG - Two accountants implicated in the VBS Mutual Bank fraud have failed to appear before a disciplinary hearing by the South African Institute of Chartered Accountants (Saica).

Andile Ramavhunga and Tshifhiwa Matodzi are the first accountants set to answer to Saica since the VBS scandal broke.

READ: VBS scandal fallout

Advocate Terry Motau’s 'Great Bank Heist' forensic report details how R1.8-billion was brazenly stolen from the bank.

The Saica hearing was held in Illovo.