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.

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