Shivambu rubbishes reports he used his influence to get home loan from VBS

File: EFF chief whip Floyd Shivambu has denied receiving R10-million from his brother Brian, after the latter was allegedly paid R16-million by the bank for doing consultancy work for Vele Investments the majority shareholder in the failed VBS Mutual Bank.

File: EFF chief whip Floyd Shivambu has called the Daily Maverick's story a desperate act for relevance.


JOHANNESBURG - Floyd Shivambu is rubbishing reports that he used his influence to get a home loan from VBS Mutual Bank.

The Daily Maverick says leaked emails show his brother Brian received R1.46-million, after the EFF deputy president held talks with VBS chair Tshifhiwa Matodzi.

WATCH: Floyd Shivambu, EFF implicated in VBS 'heist'

He's calling the online publication's story a desperate act for relevance.

It's reporting the home loan is registered to Sgameka Trading, a company Brian Shivambu apparently owns .

VBS collapsed after nearly R2-billion was looted from the bank.