Malema rejects VBS looting claims by Daily Maverick


EFF leader Julius Malema has rejected reports by online publication, Daily Maverick, that he benefited handsomely from the R16m looted from VBS Mutual Bank.

Daily Maverick’s investigative unit – Scorpio – made the claims in an article entitled “VBS Theft, Money Laundering & Life’s Little Luxuries: Julius Malema’s time of spending dangerously”. It said over R10-million was paid into Mahuna Investments – a company linked to Malema’s cousin, Matsobane Phaleng.

This is alleged to have happened between 2017 and 2018.

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