Netizens expressed shock and scepticism, particularly questioning the absence of charges against EFF leaders Julius Malema and Floyd Shivambu for VBS.
Tshifiwa Matodzi, former chairperson of VBS Mutual Bank, has been sentenced to 495 years in prison for corruption, theft, fraud, and money laundering.Former VBS chair Tshifiwa Matodzi was handed 495 years in prison. Netizens are surprised EFF's Shivambu and Malema weren't arrested. Images: @MDNnewss, Leon Sadiki and Sharon Seretlo/Gallo Images.Tshifiwa Matodzi , a former chairperson of the now-defunct VBS Mutual Bank Board, has been sentenced to 495 years.
Matodzi faced 33 counts, including corruption, theft, fraud, money laundering, and racketeering, violating the Prevention of Organised Crime Act.ruled that the sentences for counts two to 33 would run concurrently with count one, resulting in an effective 15-year imprisonment.
“This conviction is a testament to the unwavering commitment and exceptional skills of our team. We have always maintained that we will leave no stone unturned in our pursuit of justice, and this outcome reinforces our resolve. "Let this serve as a stern warning to those who believe they can escape the long arm of the law. The DPCI will not relent in its mission to bring criminals to justice. We are actively pursuing other suspects in this case, and they too will face the full might of the law."This action was taken due to the former president's continued default on the loan he had taken from the now-defunct VBS Mutual Bank.Reitumetse Makwea is a Current Affairs journalist at Briefly News.
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