Sign in
Download Opera News App

tshifhiwa matodzi

POLITICS

"Julius Malema to kneel down and beg for forgiveness from Ramaphosa" - South Africans roast Malema.

It is no doubt that Julius Malema has been under alot of tension due to the VBS issue. His good friend, Tshifhiwa Matodzi was arrested and many have been wondering if Julius Malema would also be linked to the case. The National Prosecuting Authority made its first captures in the VBS plundering outrage. Matodzi is one of the eight men who have been captured at an early stage Wednesday morning regarding the burglary of R2,7-billion at VBS Mutual Bank in around 2015 to 2018.  Four brokers, two authorities fr

  2 years ago ago

CRIME

The master mind of VBS Looting said he’s not afraid of jail

Previous vele ventures CEO Robert Madzonga says there’s nothing connecting him to the millions of rand plundered from the bankrupted VBS shared Bank. Uncovered this amid an meet on Capricorn FM with Thabiso kotane and columnist Ndaedzo Nethonzhe on Monday night. He said would not be in this circumstance had he not “ attempted to be a Samaritan”, “ I have continuously said, and kept up my blameless- from day one - that I am not any portion of this thing i (argued) my blameless from day one which is w

  2 years ago ago
The master mind of VBS Looting said he’s not afraid of jail

ECONOMY-FINANCE

Report | Shivambu Finally Agrees To Pay Back VBS 'Loot'

PHOTO: News24 Following years of ducking and diving, EFF Deputy President Floyd Shivambu's younger brother Brian has finally agreed to back the money which he admitted he had gratuitously received without doing anything for the collapsed Venda Building Society (VBS) mutual bank. Former chairman Tshifhiwa Matodzi and his close associates created a criminal syndicate to loot the depositors money to the tune of R2.7 Billion through money laundering activities.

  1 year ago ago
Report | Shivambu Finally Agrees To Pay Back VBS 'Loot'

BUSINESS

FirstRand boss linked to VBS

Former Vele Investment and VBS chairman Tshifhiwa Matodzi, who is facing corruption, fraud and money-laundering charges for his role in the collapse of VBS Bank, has links to Stellenborsch-based business tycoon Gerrit Thomas (GT) Ferreira. Ferreira is one of the founders of FirstRand, which owns FNB, one of South Africa's biggest banks. Sunday World can today reveal that Matodzi, who was fingered in Advocate Terry Motau's report as the mastermind behind the mutual bank's R2-billion theft, and Ferreira, a well

  2 years ago ago
FirstRand boss linked to VBS

ECONOMY-FINANCE

Men who allegedly stole millions for the government

A speedy recap on those embroiled in the VBS Mutual Bank embarrassment. First distributed in the Daily Maverick 168 week by week paper. The instigators Tshifhiwa Matodzi was fingered by Terry Motau and Werksmans, in their legal report, as the boss in the trick that fleeced VBS.

  11 months ago ago
Men who allegedly stole millions for the government

POLITICS

Malema must Kneel down and apologize to Ramaphosa,see here

Julius Malema is one of the politicians that were accused of heing involved in the BBS scandal and he seems to be stressed out about it,he is currently under a lot of tension. Recently,his friend Tshifhiwa Matodzi was because of fraud and corridors and everyone is wondering if Malema is next. The National Prosecuting Authority made its first captures in the VBS plundering outrage. Matodzi is one of the eight men who have been captured at an early stage Wednesday morning regarding the burglary of R2,7-billio

  2 years ago ago
Malema must Kneel down and apologize to Ramaphosa,see here

CRIME

Tshifhiwa Matodzi and the VBS looters must be jailed for life

Tshifhiwa Matodzi and his companies got R900 million from VBS bank without rendering any service, R300 million of that ended up in his personal accounts. Some people will work their entire lives without ever seeing only R1 million, this guy stole billion and there has no consequences two years later. Hawks head Godfrey Lebeya confirms 8 suspects have been fingered on 47 counts of racketeering, theft, corruption, money laundering and fraud. Four already under arrest, three due to turn themselves in and one i

  2 years ago ago
Tshifhiwa Matodzi and the VBS looters must be jailed for life

CRIME

VBS boss preferred to be arrested

VBS boss Tshifhiwa Matodzi few months ago said he is waiting for his arrest and it will be a good chance for him to clear his name in the court of law, instead of what the public think of him after billions of rands were stolen in VBS bank. He said that he always tell his family that he rather be arrested, because all of this other things are like Circus to entertain people and you don't get anything out of them. Tshifhiwa also said he would be surprised if he is not arrested. He also said he is writing a book

  2 years ago ago
VBS boss preferred to be arrested

CRIME

VBS Case Postponed to Next Year 26 January And Seven Men are faced With Charges

VBS Case Postponed to Next Year 26 January And Seven are faced With Charges The case has been postponed because the state want to add more charges and more accused as seven men get involved in this big fraud committed by the former VBS Chief Financial Officer. Though Philip Truter pleaded guilty but he also struck a deal to turn state witness. This might not help since Truter already given the state information relating to the looting that took place in bank. The Hawks are working on investigation and more people

  1 year ago ago
VBS Case Postponed to Next Year 26 January And Seven Men are faced With Charges

CRIME

VBS HEIST:Former CFO handed 10 Year Sentence after Pleading Guilty

Philip Truter, former CFO of the VBS Mutual Bank that suffered the greatest Heist that South Africa has ever seen pleaded guilty to charges of Fraud, Money Laundering, and Corruption. On Wednesday the NPA sentenced Truter to 10 years of imprisonment with 3 years suspended in the Palm ridge Commercial Crime Court. Truter will effectively spend 7 years in prison. The sentence on Truter comes after the role he played in the VBS money heist from 2015 to 2018 when the bank eventually collapsed. Philip Truter is the

  1 year ago ago
VBS HEIST:Former CFO handed 10 Year Sentence after Pleading Guilty

CRIME

Hawks Makes Big VBS Heist Arrest

The Hawks and NPA have made their first big arrest regarding the 2017/2018 money heist where elderly citizens and pensioners' from Limpopo lost all their investment money summed up to R2 billion to corruption, stealing and looting. Numerous top VBS insiders, board members and the chief KPMG auditor for the bank, have been incarcerated. The huge operation to make the arrests were carried out by Hawks and NPA high anti-corruption officials. Former VBS and Vele Investments chairperson Tshifhiwa Matodzi, the al

  2 years ago ago
Hawks Makes Big VBS Heist Arrest

ECONOMY-FINANCE

Men who allegedly stole millions from the public

A speedy recap on those embroiled in the VBS Mutual Bank outrage. First distributed in the Daily Maverick 168 week by week paper. The instigators Tshifhiwa Matodzi was fingered by Terry Motau and Werksmans, in their legal report, as the head honcho in the trick that fleeced VBS.

  11 months ago ago
Men who allegedly stole millions from the public

POLITICS

Let Courts Deal With VBS Issue, Stop Slandering EFF - Shivambu

Economic Freedom Fighters Deputy President Floyd Shivambu has called for NPA to deal with VBS case urgently. Shivambu called for people to let the courts to deal with facts and stop slandering them. On Wednesday morning, Four bankers, two officials from the Public Investment Corporation (PIC), a KPMG auditor and a lieutenant-general in the South African police have been arrested in connection with their instrumental role in the theft of over R2,7-billion from VBS Mutual Bank, a bank mainly catering for the

  2 years ago ago
Let Courts Deal With VBS Issue, Stop Slandering EFF - Shivambu

JUSTICE

Sh0cking | Shivambu Admits Receiving Millions From VBS

Brian Shivambu signed a secret document confessing to receiving R4.55 million in VBS riches for no reason kosher. He agreed to repay the funds. The contract itself, as well as the veil of secrecy that surrounds it, appears to be both revealing and damning. During Vele Investments' insolvency investigation, Brian Shivambu's lawyers insisted on a confidentiality clause before their client signed a "acknowledgement of debt" for R4.55 million in favour of Vele Investments, the largest shareholder of VBS Mutual Bank.

  1 year ago ago
Sh0cking | Shivambu Admits Receiving Millions From VBS

CRIME

Suspects in VBS arrests due to appear in court tomorrow Thursday 19 June, says Hawks boss Lebeya

There are eight VBS men who are currently the suspects of the 47 counts of corruption, fraud, racketeering, money laundering and theft. These suspects are due to appear tomorrow at the Palm Ridge Regional Court says Lebeya who is the Hawks boss. These men have not yet been officially named, therefore they have still remained anonymous. Though the men have not yet been named officially, it is alleged that the former VBS chairman Tshifhiwa Matodzi is among these eight men who have been arrested. On Wednesday,

  2 years ago ago
Suspects in VBS arrests due to appear in court tomorrow Thursday 19 June, says Hawks boss Lebeya

CRIME

VBS heist accused weeps in court

Phillip Truter, the former chief financial officer at VBS, shocked the court when he said he would plead guilty to all 47 charges that he is facing in the alleged R2.3bn bank heist. This type of a case has seven other co-accused who indicated that they would pleaded not guilty of the charge and have received a R100 000 bail. These are none other than the former VBS chairperson Tshifhiwa Matodzi, the former chief executive Andile Ramavhunga, the former treasurer Phophi Mukhodobwane, former KPMG auditor Sipho

  2 years ago ago
VBS heist accused weeps in court

BUSINESS

VBS Mutual Bank: 'Floyd Shivambu faces real prospect of being arrested'

Initially the Venda Building Society, VBS Mutual Bank was a little, generally secret moneylender in Limpopo before it soared from lack of definition in 2016 by giving President Jacob Zuma a questionable home advance to compensate the state for upgrades to his Nkandla estate.  The bank was developing quickly and sold itself as an intrepid victor of dark progression.  Its proprietor, Vele Investments, was on a meteoritic direction towards turning into a monetary aggregate deserving of public consideration. 

  1 year ago ago
VBS Mutual Bank: 'Floyd Shivambu faces real prospect of being arrested'

CRIME

Breaking News: New arrests are expected over the R2 billion stolen from VBS Mutual Bank!

New arrests are estimated over the R2 billion stolen from VBS Mutual Bank, with the countrywide Prosecuting right (NPA) and the Hawks having geared up a object of ridicule of three months to put suspects behind bars. On Thursday, the principle enforcement agencies asked the Palm pleat ad Crimes see to award them a delay of three months to let them to arrest all and every believe allied to the crime. The call for rescheduling was ready during the instructions facade on Thursday of Tshifhiwa Matodzi - past VBS

  1 year ago ago
Breaking News: New arrests are expected over the R2 billion stolen from VBS Mutual Bank!

SOCIETY

Steinhoff was SA’s biggest corporate 'fraud' yet no arrests have been made

Johannesburg - With R21 billion without attempting to shroud funds wasted in what ought to be South Africa's most essential corporate pressure, it makes the inclination that nobody necessities to anticipate commitment and declare how far the evaluations have gone to recover the assets from Steinhoff or to bring those expected to book.  Despite having taken in excess of 200 observer explanations and the billions the PIC has lost in Steinhoff, law endorsement working environments appear to have lost the craving

  1 year ago ago
Steinhoff was SA’s biggest corporate 'fraud' yet no arrests have been made

SPORTS

Exposed: Brian Shivambu to pay back R4.55m he received from Vele Investments.

According to a report by Daily Maverick, Brian Shivambu signed an admissions receipt in the amount of R4.55 million and actually admitted that he was paid for no reason by Vele Investments. According to Shivambu's lawyers, as part of the contract inked on 23 March 2020, they insisted on secrecy clauses.

  1 year ago ago
Exposed: Brian Shivambu to pay back R4.55m he received from Vele Investments.