WATCH: VBS Mutual Bank looting suspects appear in court

8 people have been arrested and are facing 47 charges for the theft of over R120-million. The Hawks and the NPA have been circling high-profile suspects for the last two years.

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JOHANNESBURG - Seven suspects will appear in court on Thursday on charges related to the VBS Mutual Bank heist.

Among those arrested, the former VBS chairperson and other board members – who stand accused of cooking the books.

The arrests relate to R122-million stolen, just a fraction of the R3-billion siphoned from the bank.

READ: Seven suspects set to appear in court for R3bn VBS looting

On Wednesday 10 premises were raided in Gauteng and Limpopo.

Eight people arrested.

Seven suspects are expected to appear in the high court sitting at the Palm Ridge Magistrate's Court, while one suspect remains in COVID-19 quarantine.


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