Jail them and throw away key

Sunday World - - Viewpoint -

The demise of VBS Mu­tual Bank, a bea­con of hope meant to res­cue black peo­ple out of a sea of poverty, has now added to their fi­nan­cial mis­ery.

The fleec­ing of bil­lions of rands by VBS ex­ec­u­tives has led to a shameful scan­dal.

Af­ter the Re­serve Bank probe re­vealed the wide­spread loot­ing, there is still a disin­gen­u­ous spin on the part of the lead­er­ship about what hap­pened to the R1.9bn.

The bank bosses’ dal­liance with politi­cians, like the R7.8m loan to for­mer pres­i­dent Ja­cob Zuma to re­pay some of the Nkandla money, is just one of many in­dis­cre­tions.

All those im­pli­cated of pock­et­ing money be­long­ing to in­vestors and res­i­dents of ru­ral mu­nic­i­pal­i­ties must face the full might of the law.

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