Three new arrests in VBS scandal

File: VBS.

File: VBS. eNCA

JOHANNESBURG - The Hawks have cracked down on three more suspects related to the VBS bank heist case.

They include a former municipal manager who allegedly invested R230-million with the now-defunct bank.

READ: VBS Bank Heist | Three more suspects expected in court

The full amount has never been paid back to the municipality.

The three will appear in the Pretoria Specialised Commercial Crimes Court on Wednesday where they will be charged with contravening the Municipal Finance Management Act through fraud and money laundering.

Source
eNCA

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