Another VBS suspect arrested

Files containing the paperwork of Aubrey Mulaudzi, a diesel mechanic who had been banking with VBS Mutual Bank since 1989.

File: VBS Mutual Bank was looted of billions of rands before its collapse in 2018.


JOHANNESBURG - An eighth suspect linked to the VBS Mutual Bank heist has been taken into custody.

READ: Two of seven VBS suspects post R100k bail

He will appear in the Palm Ridge Specialised Crimes Court on Monday.

This arrest, together with that of seven others last month, relates to millions of rand siphoned from the bank.

Among those arrested, the former VBS chairperson and other board members.

They all face charges of fraud, theft, money laundering, corruption and racketeering.


Paid Content