The party’s commander-in-chief has not yet commented on reports that his party received R1.3 million and his second-in-command about R10 million from the bank through his brother Brian Shivambu.
A report commissioned by Treasury called The Great Bank Heist was released on Wednesday that reported on the alleged looting of VBS Bank and was compiled by advocate Terry Motau and assisted by Werksmans Attorneys. The report implicated Brian as one of more than 50 people who “gratuitously” received money from VBS Bank.
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Then, the Daily Maverick released an investigative report revealing that not only had Shivambu himself received as much as R10 million of the R16 million allegedly sent to Brian, but that the party’s bank account had received R1.3 million.
While the EFF did release a statement on the report, it did not contain comment on Brian Shivambu’s implication in the VBS saga. The party also has not addressed the more recent allegations in The Daily Maverick that the party and Shivambu himself received money.
In the statement, the red berets called for the law to take its course and that those responsible be held accountable.
“The EFF reiterates its position that all those who are responsible and illegally benefited from the fraud must be criminally prosecuted immediately. As we previously indicated, we also reiterate that they must be blacklisted. Above all, the law enforcement authorities must ensure that all the [money] that can be recovered is paid back in full, including attaching properties from the individuals who benefited,” the party said.
Brian Shivambu later said in a statement of his own that he did not believe he’d done anything wrong by accepting money from VBS’s majority shareholder, Vele Investments, despite Vele being fingered as looting more than half the money from VBS. He threatened to sue the authors of the report that named him.
(Compiled by Charles Cilliers)