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Brief
Summary:
Three individuals, aged 33, 42, and 64, were arrested by the Serious Corruption Investigation of the Hawks in Limpopo on March 5, 2024. The 64-year-old suspect, a former municipal manager, faces charges of corruption, money laundering, and contravention of the Municipal Finance Management Act. The 42-year-old suspect, a current Chief Financial Officer, is accused of flouting the MFMA. The 33-year-old suspect, a businessman, is charged with money laundering. The trio allegedly invested R148 million in VBS Mutual Bank in 2017 and laundered funds through various bank accounts, resulting in a loss to the Giyani Municipality. They will appear in court on March 6, 2024, for bail application.
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