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EWN reports that labour federation Cosatu in Limpopo has welcomed the arrest of officials in the province in connection with the Venda Building Society (VBS) corruption and money laundering case.
The former Mayor of the Elias Motsoaledi Municipality, Julia Mathebe, and the former municipal manager, Minah Maredi, were arrested by the Hawks on Wednesday. Cosatu said the Hawks should continue to make more arrests without fear or favour to bring all those accountable to justice. In 2018, the bank went bankrupt, with over two thousand people losing their life savings in the process. A forensic report by Advocate Terry Motau later revealed that over R2.7 billion had been looted from the bank. Cosatu pointed out that this scandal led to the loss of jobs for the workers of the bank, and left many ordinary citizens robbed of their life savings.
- Read the original of the short report in the above regard by Gloria Motsoere at EWN
Get other news reports at the SA Labour News home page