VBS depositors with more than R100 000 receive only a quarter back
Several municipalities have lost about 75% of their money.
#VBSscandal
VBS scandal: six convicted, 35 arrested – and more to come
Authorities have convicted six individuals in the VBS Mutual Bank fraud case, including former executives and municipal officials. However, with 29 accused still on trial and 43 more suspects under investigation, the case is far from over.
