The VBS pre-trial where 14 people are accused of racketeering, money laundering, theft and fraud, has been postponed to January. On Tuesday, the VBS Mutual Bank pre-trial proceedings resumed at the ...
VBS Mutual Bank has filed papers suing KPMG for R864-million, alleging its audit partner Sipho Malaba bagged millions in benefits and cash, lied to the Reserve Bank, acted in bad faith and breached ...
In a bizarre twist, VBS Mutual Bank’s liquidators are blaming KPMG for the “fraudulent” ransacking of the bank’s billions, saying the auditing firm’s “negligence” spawned the alleged looting. These ...
Frustration reigned at the R2.3-billion VBS Mutual Bank heist court case after another postponement, with one of the accused’s lawyers arguing that his client was suffering financial prejudice because ...
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