Probe Floyd, says DA

The Democratic Alliance (DA) yesterday said it would ask parliament’s ethics committee to investigate Economic Freedom Fighters (EFF) chief whip Floyd Shivambu over allegations that he received R10 million from failed bank VBS Mutual, DA MP Phumzile van Damme said.

A forensic report released by the SA Reserve Bank last week indicated that Brian Shivambu received “gratuitous payments” of more than R16 million from VBS.

Media reports claimed the EFF received R1.3 million and Floyd Shivambu R13 million over a twoyear period. He has denied receiving money, dismissing the reports as “weapons of mass deception”.

Van Damme said if the media reports were correct, Shivambu would be “in contravention of Members’ Code of Conduct as there is no indication he declared these monies in the 2015-2017 declaration of members interest and payments in parliament”.

Clause 4.1.3 of the Code of Conduct clearly stipulates that members must “act in accordance with the public trust placed in them” and clause 5.1.1 states that members must “resolve any financial or business conflict of interest”, including declaring such interests.