POLITICAL WEEK AHEAD: EFF set to be grilled by media over VBS
The party is to address claims it received money from the so-called bank heist
The EFF will on Tuesday be pressed on allegations that money from VBS Mutual Bank made its way into the coffers of SA’s third-biggest party. EFF deputy president Floyd Shivambu’s younger brother Brian is said in a report compiled by advocate Terry Motau and Werksmans Attorneys, on the instruction of the Prudential Authority, to have benefited to the tune of R16m. Brian Shivambu has denied this, while Floyd Shivambu has said he did not receive money from any VBS accounts into his personal bank account. The Daily Maverick last week reported that, according to three sources, the EFF had allegedly received R1.3m "illegally flowing" from VBS into the party’s bank account. It also reported that Brian Shivambu had allegedly funnelled about R10m through his company into his brother Floyd’s personal bank account. In an interview with eNCA at the weekend, Floyd Shivambu said if the EFF had received any money from VBS, that would be addressed at a media conference on Tuesday, scheduled to take...
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