I have been observing that in SA financial crimes rarely result in investigation, prosecution, conviction or sentencing. It appears that SA needs a new financial crimes unit to deal with the mountains of allegations.
It seems the Hawks are not coping. The lack of consequences for stealing or squandering funds has resulted in people behaving in bizarre ways. In October 2018 the Reserve Bank’s Prudential Authority released a report on the causes of the collapse of VBS Mutual Bank. The contents of the report were harrowing, but few (if any) protagonists have been prosecuted...
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