Former VBS CFO Philip Truter has pleaded guilty on various charges linked to the looting at the Mutual Bank.
Truter pleaded guilty to six counts of fraud, corruption, money laundering and racketeering and failing to provide an income tax return.
He entered into a plea agreement with the state against Tshifiwa Matodzi, Phophi Mukhodobwane and others.
#VBS Truter admits that he unlawfully and intentionally inflated #VBS financial statement March 2017 as follows:
Total assets: R1.37 billion.
Financial statement : R2.1 billion.
Liabilities: R1.53 billion.
FS: R1.8 billion.
Equity: – 590 million.
FS: + 238 million.— Govan Whittles (@van1go) October 7, 2020
Truter admitted that he unlawfully and intentionally misled shareholders on the financial position of VBS.
His admissions confirm much of the Terry Motau report and will deal a devastating blow to Matodzi and others, who have all pleaded not guilty.
In other news – Natasha Thahane’s Admirer is Famous and you won’t believe who it is
In a weird twist of events, Twitter investigators have revealed that Natasha Thahane‘s admirer is actually the son of a famous Kaizer Chiefs and Bafana Bafana supporter. with. His name is Cellular and he even attended her recent birthday party. Learn more
Source: eNCA