Corruption battered South Africans who care for our country need to sit up & listen what @dailymaverick & @amabhungane are telling us about this #Karpowership deal: 1. Rival bidder claims Turkish Karpowership's deal with SA gov is marred with illegalities & corruption;
1/2. Energy analysts say the “emergency” 20yr R200-BILLION #Karpowership deal is insane & we are overpaying; 3. Environmentalists are warning of disastrous maritime consequences;
Jun 25, 2020 • 7 tweets • 7 min read
Just in: A manager at Merafong Municipality in Jhb #ThysWienekus was arrested in connection with #VBS this morning. He will be charged with 1 count of contravening s173(3) of the Municipal Finance Management Act.
This is the first arrest in the #VBS Municipal investigations leg.
#ThysWienekus was later appointed as CFO of Merafong Municipality & may have been grossly negligent when he made a R50m investment with #VBS in contravention of the MFMA.
He acted on the instructions of(Screengrab is s173(3) of MFMA - what #Wienekus is charged with)
Jun 18, 2020 • 12 tweets • 8 min read
A thread on why some arrested in the #VBS case admitted guilt before adv #Terry#Motau and Werksmans, but told the court today they will plead “not guilty”,
and why the amounts on the indictment is different from the amounts they actually received.
#TshifhiwaMatodzi & #AndileRamavhunga are the only accused who steadfastly denied before #Motau that they were not guilty of the #VBS bank heist. They told the court today they will plead "not guilty" and asked for bail. (@van1go is reporting on magistrate Nemavhidi's decision)
#VBS robbery: First arrests
8 men have been arrested early on Wednesday morning in connection with the theft of R2,7-billion at VBS Mutual Bank in around 2015 to 2018.
NPA issued a racketeering certificate in which the group is accused of being instrumental in fleecing the bank's resources & its ultimate implosion. Will be prosecuted for a range of allegation, including racketeering, corruption, money laundering, fraud.