×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

A while back a friend and I were having a catch-up session in Rosebank, when in walked a familiar figure in shorts. My mind couldn’t immediately place him, but my friend, who had only recently left journalism, recognised him as none other than Leon Kirkinis, who presided over the collapse of African Bank. We wondered why he wasn’t in jail or, at least, being prosecuted. Of course! The Myburgh report was sent to the national prosecuting authority (NPA), which has been giving cast-iron excuses for inaction. The bank was rescued, at a cost. Disclosure: this columnist’s modest portfolio suffered. This came to mind as I was rereading advocate Terry Motau’s “The Great Bank Heist” report on the brazen looting of VBS Mutual Bank, and considering the debates that have ensued. Motau has done 90% of the job for the law-enforcement agencies, especially the NPA, SA Revenue Service (Sars) and the Asset Forfeiture Unit, which now have to move with speed to prosecute those he has fingered. After tw...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.