The Gauteng High Court in Pretoria this week sentenced VBS's Matodzi to 495 years for his coordinated looting of the bank.
The Gauteng High Court in Pretoria this week sentenced Matodzi to 495 years for his coordinated looting of the bank.Tshifhiwa Matodzi has alleged that Economic Freedom Fighters Julius Malema and Floyd Shivambu grabbed R16.1m from the dying bank.
“To my knowledge, Sgameka is a company owned by Brian Shivambu, a brother to Floyd Shivambu who is the deputy president of EFF. The company was provided to me by Floyd to make payments that I promised to EFF. “Gogoro, which was a VBS PR consultant arranged a meeting with Julius at the EFF’s penthouse in Sandton around April /May 2017. I explained VBS’ position and that the EFF’s negative commentary about VBS/Zuma transaction was damaging VBS’ reputation.
“A transfer of R5-million as promised was made on my instructions to Sgameka on 8 June 2017. Subsequent payments were made to Sgameka VBS account every month and were paid from Vele or any of Vele’s subsidiaries. ” “There were further subsequent meetings … held between Julius, Floyd and myself”, Matodzi said, “and a notable incident was when Malema and Shivambu informed me that they needed funding to renovate an EFF restaurant called Grand Azania in Soweto”.Matodzi alleged that he gave Malema and Shivambu the name of David Nthlokwe, a general manager at VBS, who would oversee a “loan”.
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