More VBS fraud suspects to appear in court
Six more suspects
have been arrested in connection with the VBS Mutual Bank scandal.
Five of the suspects are expected to appear in the Orkney Magistrate's Court in North West on Wednesday morning, while the sixth suspect is recovering from injuries in hospital.
The suspects are facing charges of fraud, corruption and money laundering.
The Hawks say the six suspects, who were arrested simultaneously in Johannesburg, Vryburg, Orkney and Klerksdorp on Tuesday, are accused of fraud, corruption and money laundering worth approximately R2.5 million.
The crime-fighting unit’s spokesperson Katlego Mogale says one of the suspects was a municipal official at the Dr Kenneth Kaunda Municipality in North West.
"One of the three officials who has since left the municipality would allegedly routinely make payments into the bank accounts of his wife and brother. He reportedly also routed more funds into an account belonging a woman in Johannesburg allegedly under the guise of a tender that was awarded. The woman would subsequently send the money back to him."
READ: R3.5m fraud suspect sought by Durban police
A total of 33 suspects have so far been arrested in connection with the collapse of the Limpopo-based bank.
