#VBSFraud: ANC Will Take Tough Action Against Leaders Involved

ANC Head of Elections Fikile Mbalula.
ANC Head of Elections Fikile Mbalula.

The African National Congress (ANC) says its national working committee (NWC) will discuss the VBS Mutual Bank scandal and the involvement of its leaders with a view to taking tough action against them.

On Wednesday, the Reserve Bank released details of the R1.8 billion fraud and corruption that transpired at the bank through a report titled ‘The great bank heist’.

That report implicates the deputy chairperson of the ANC in Limpopo Florence Radzilani, who allegedly invested R300 million from the Vhembe District Municipality in the embattled bank and in turn received bribes.

Provincial treasurer Danny Msiza has also been implicated as a Kingpin who played a role by ensuring municipalities make illegal deposits with the bank.

The ANC’s head of elections Fikile Mbalula says the party will act decisively to deal with its leaders implicated in the report.

“The ANC is determined to act decisively. The ANC didn’t send anybody to be corrupt.”

Spokesperson Pule Mabe says this issue will also find expression at the NWC meeting next week.

“This is an issue that has caught public attention, so the movement will also have to apply its own mind on this.”

The ANC’s Limpopo provincial executive committee will hold a meeting on Thursday afternoon to discuss the corruption scandal and what should happen to its implicated leaders.