DA lays criminal charges against EFF leaders for ‘stealing’ VBS funds

August 23, 2018 EFF leader Julius Malema addressed media in Johannesburg about the latest development in the country.

August 23, 2018 EFF leader Julius Malema addressed media in Johannesburg about the latest development in the country.

‘It is appaling that the EFF would brazenly steal from the poor people it claims to represent,’ says the Democratic Alliance.

The Democratic Alliance is expected to lay criminal charges against the Economic Freedom Fighters’ leadership over the R1.8 million allegedly received by the latter in the VBS Mutual Bank heist.

In a statement released by the DA on Thursday, spokesperson Solly Malatsi said they would lay charges against EFF leader Julius Malema, his deputy Floyd Shivhambu, and other EFF leaders.

“The looting of VBS affected many individual investors, stokvels, burial societies, and South Africa’s poorest municipalities. The provision of basic services has effectively been compromised and numerous clients have potentially lost their life savings.

“It is appaling that the EFF would brazenly steal from the poor people it claims to represent. The DA is the only party that will protect all South Africans from the greed of corrupt politicians whether it is the ANC or EFF.”

ALSO READ: EFF won’t suspend Shivambu over VBS allegations – Malema

In recent weeks, some media houses reported that the EFF allegedly received about R1.8 million from the bank while Shivambu received R10 million.

A report released by the South African Reserve Bank into the “looting” at VBS Bank named Shivambu’s brother, Brian, as having received R16 million.

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