‘We gave cash to po­lit­i­cal par­ties’

Observer on Saturday - - News -

LIM­POPO - Former VBS Mu­tual Bank Chair­per­son Tshifhiwa Ma­todzi, who is re­ported to have un­duly pock­eted R325m has re­vealed that four ma­jor po­lit­i­cal par­ties ben­e­fited from the em­bat­tled in­sti­tu­tion.

Speaking for the first time Ma­todzi told Sowe­tan the in­ves­ti­ga­tion re­port was "very se­lec­tive" be­cause it doesn't men­tion all po­lit­i­cal par­ties that ben­e­fited from the bank.

"The re­port is very se­lec­tive in that it did not men­tion that the ANC, DA, SACP and EFF all ben­e­fited from the bank. They would ap­proach us in a form of re­quest­ing spon­sor­ship and there was noth­ing wrong with that," he said.

How­ever, when later asked to clar­ify how the par­ties ben­e­fited, he said he was giv­ing an ex­am­ple that he might have done busi­ness with mem­bers of those par­ties. "One of those peo­ple could de­cide to con­tribute to their par­ties us­ing [a] VBS ac­count. It's like Floyd Shivambu's brother; he was a con­sul­tant in one of our com­pa­nies. He is an en­gi­neer and he worked for his money. We didn't deal with Floyd and never paid any po­lit­i­cal party," he said. Ma­todzi said he was wor­ried the bank was per­ceived to have paid Floyd Shivambu. The SACP and the DA have de­nied that they ben­e­fited any­how from VBS. DA spokesper­son Solly Malatsi said the al­le­ga­tions were un­true, while Alex Mashilo of the SACP said the party had never re­ceived a cent from VBS.

BEN­E­FIT­TED: Former VBS Mu­tual Bank chair­per­son Tshifhiwa Ma­todzi.

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