Floyd’s VBS rid­dle

EFF deputy leader Shivambu could face a probe by law en­force­ment agen­cies

The Sunday Independent - - FRONT PAGE - SIYABONGA MKHWANAZI siyabonga.mkhwanazi@inl.co.za

DE­SPITE his de­nials that he ben­e­fited from the VBS Mu­tual Bank saga, EFF deputy leader Floyd Shivambu could be in trou­ble with the ethics com­mit­tee in Par­lia­ment.

Shivambu could also be fac­ing a probe by law en­force­ment agen­cies.

Yes­ter­day Shivambu de­nied that he had re­ceived any money from VBS, say­ing this was a lie ped­dled by face­less peo­ple.

He said those re­spon­si­ble for the theft and loot­ing of VBS Bank should face the full might of the law and be pros­e­cuted.

He de­nied ever re­ceiv­ing R10 mil­lion from the bank into his bank­ing ac­count.

“I have no deal­ings with VBS, and any at­tempt to link the EFF to the bank for cheap po­lit­i­cal points is a clear sign of des­per­a­tion, and soon enough peo­ple will see through it,” said Shivambu.

He added that the party main­tained that VBS should not be liq­ui­dated but re­cap­i­talised.

On the other hand, co-chair­per­son of the ethics com­mit­tee, Omie Singh, said yes­ter­day that any­one could lodge a com­plaint against the EFF deputy leader and the com­mit­tee would in­ves­ti­gate the mat­ter.

Singh said so far no one had come for­ward to lay a com­plaint.

He said once the com­plaint had been lodged with them, it would have to go through the in­ter­nal pro­cesses of in­ves­ti­ga­tion.

“Any­one can lay a com­plaint against the mem­ber. Each com­plaint must go through an in­ves­ti­ga­tion. We’ve got a process. You have to give the per­son a chance to re­spond,” he said.

Shivambu said he had never been in­volved in tak­ing money from the bank. “If our in­ter­est was on si­phon­ing money from the dis­solved board mem­bers of VBS, we would have dis­en­gaged when the bank was placed un­der cu­ra­tor­ship.

“We, how­ever, con­tinue to closely mon­i­tor how de­pos­i­tors’ monies are re­turned, made end­less calls to the Re­serve Bank to give peo­ple their money and mo­ti­vated why the bank should be saved,” said Shivambu.

Other than the ethics com­mit­tee that will po­ten­tially in­ves­ti­gate Shivambu, other law en­force­ment agen­cies in­di­cated in the week that they would in­ves­ti­gate.

The Hawks and the Na­tional Pros­e­cut­ing Au­thor­ity said they had re­ceived the re­port from ad­vo­cate Terry Mo­tau, SC, and would be in­ves­ti­gat­ing the case.

Mo­tau has called for ac­tion and for those re­spon­si­ble for the loot­ing of the bank to be pros­e­cuted.

The Hawks said five se­nior prose­cu­tors would be as­sist­ing with the in­ves­ti­ga­tion of the case.

The NPA also said it would gather ev­i­dence to en­sure that those re­spon­si­ble were brought to book.

The law en­force­ment agen­cies are un­der pres­sure to act in the mat­ter, with other par­ties also call­ing for ac­tion against those be­hind the loot­ing.

All the par­ties in Par­lia­ment said they hoped that the NPA and the Hawks would move quickly on the mat­ter.

ITUME­LENG ENGLISH African News Agency (ANA)

JOBURG: Bafana Bafana player Percy Tau cel­e­brates with teams mates af­ter scor­ing a goal against Sey­chelles dur­ing the Africa Cup Of Na­tions qual­i­fiers at FNB sta­dium, Gaut­eng. |

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