#Sars caught #SimonRudland + associates managing a transnational plunder network that involves a vast money laundering racket & the corrupting of 5 Sasfin bank officials enlisted to sneak at least R3bn to foreign countries and delete banking transactions. dailymaverick.co.za/article/2022-0… #SimonRudland
On the back of an ex parte preservation Order, #Sars took charge of bank accounts, premises and all other assets owned by cigarette manufacturer Gold Leaf Tobacco (GLTC) & its directors Rudland & #EbrahimAdamjee dailymaverick.co.za/article/2022-0…

#VBS
#SARS’s Criminal and Illicit Economic Activities division traced stolen VBS money through two front companies into #EFF deputy leader #FloydShivambu’s FNB Private Wealth bank account. dailymaverick.co.za/article/2021-0… #FloydShivambu’s sustained charade of ‘fighting for the poor’ instead of robbing them is, for the first time, highlighted by a state institution in open court proceedings following #Sars investigation into his brother, Brian, and the missing #VBS millions. dailymaverick.co.za/article/2021-0…

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;
2/

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)

#VBSArrests
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' chair #TshifhiwaMatodzi is one of 8 arrested relating to the fleecing of the bank. I wrote about his role here, and showed how he ordered money to be paid to the #EFF leaders' front company as "lobbying fees" & because the account was "strategic". dailymaverick.co.za/article/2020-0… The #PIC appointed #ErnestNesane & #PaulMagula to guard their investment in #VBS. They rather helped to cover the black hole & took millions of poor people's money for themselves. Wrote about them here: dailymaverick.co.za/article/2019-0…

#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. #VBS
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.