VBS Bank heist | Trial of three accused postponed

File: VBS.

File: Three VBS suspects have been granted bail of R50,000 each by the Specialised Commercial Crimes Court in Pretoria. eNCA

PRETORIA - Three former municipal executives of the West Rand District Municipality appeared in the Specialised Commercial Crimes Court in Pretoria on Tuesday.

This is for their alleged involvement in the VBS Mutual Bank looting.

READ: VBS Bank Heist | Shivambu brother admits being paid: report

They face 20 charges of corruption and two for contravening the Municipal Finance Management Act for depositing around R400-million of the municipality’s money into the bank.

The accused were released on R50,000 bail and the matter was postponed to 22 October for pre-trail management. 

Source
eNCA

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