3 municipal officials connected to VBS bank looting granted bail

Three West Rand senior officials arrested in connection with the ongoing investigation into the looting of the VBS Mutual Bank have been granted bail of R50,000 each.

The trio appeared in the Pretoria Specialised Commercial Crimes court earlier on Tuesday facing charges of corruption and contravening the Municipal Finance Management Act.

They were arrested by the Hawks on Monday after being linked to financial deposits to the controversial bank made by municipalities on the West Rand amounting to around R400 million.

The State said it hoped that a trial date would be agreed upon when the trio returned to court in October.

“And the matter has been postponed to 22 October for pretrial management issues.

“Also, there was an appearance of a former CFO of Merafong municipality, charges against him were withdrawn as he is going to now testify” said the NPA’s Sipho Ngwema.

-EWN

In other news – Lerato Kganyago’s hubby Thami Ndlala strikes again; allegedly buys luxurious cars with fake papers

Lerato Kganyago’s husband, Thami Ndlala, and a friend have found themselves on the wrong side of the law. The two are accused of buying two luxury vehicles using fraudulent documents.

The vehicles in question are a 2008 Range Rover TD V8 and a BMW 320i. According to police records seen by the publication, Ndlala’s friend applied for motor vehicle finance for the Range Rover in 2012 and submitted payslips from the department of justice indicating he was a legal administration officer. Learn More