Final VBS executive is sequestrated so his assets can be seized
Andile Ramavhunga is the last of five executives from the bank to be sequestrated, with its liquidator determined to recover the looted money
30 October 2019 - 18:46
The now defunct VBS Mutual Bank’s former CEO Andile Ramavhunga and his wife Zanele’s assets can be seized after the high court dismissed their application to appeal against a final sequestration order on Wednesday.
The final order was obtained by the bank’s liquidator Anoosh Rooplal in August, but the Ramavhungas appealed it. ..
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