Shivambu’s brother denies any VBS connection
BRIAN Shivambu, the brother of EFF deputy president Floyd, has denied playing any role in the almost R2billion looting of the now-defunct VBS Mutual Bank.
In a statement yesterday Brian said he planned to sue the SA Reserve Bank (Sarb) for defamation of character.
The Sarb report dubbed “The Great Bank Heist” alleges Shivambu pocketed R16 million from the loot.
While the EFF is trying to deal with the political fallout, the ANC and SACP yesterday called for speedy prosecutions of those involved in the VBS scandal. Two senior ANC leaders in Limpopo are implicated in the saga.
“I am willing to co-operate with law enforcement institutions to put this matter to rest. I believe anyone who is found guilty of wrongdoing in the VBS case must be held accountable and money that was illegally siphoned off should be paid back.
“Equally I intend to legally pursue the owners of the VBS report for defamation of my character and that of my company as well as for the strain this report has caused to my family,” read Shivambu’s statement.
The explosive report by advocate Terry Motau, released by the central bank, detailed how R1.894bn was looted from the bank over a threeyear period by VBS executives and entities linked to them, notably Vele Investments.
Brian said his company, Sgameka Projects, was appointed by Vele Investments last year to provide professional consulting services. Sgameka did not have any business relationship with, nor did it receive money from VBS Mutual Bank.
Floyd Shivambu has not been available to shed light on the latest allegations against him. Instead, his party’s national chairperson, advocate Dali Mpofu, has come out in his defence saying Floyd is not “his brother’s keeper”.
Hawks spokesperson Brigadier Hangwani Mulaudzi confirmed that they had received Motau’s forensic report.