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[LISTEN] Pauli Van Wyk Unpacks the Links Between Malema, Shivambu & VBS Mutual Bank

November 26, 2019

Faizel Patel, Radio Islam News – 26-11-2019

(Twitter: @FaizelPatel143)

Award winning Daily Maverick investigative journalist Pauli Van Wyk says investigations have uncovered even more money that has been channeled to a third slush fund with Economic Freedom Fighters (EFF) leader Julius Malema as the main beneficiary.

A Sunday Times investigation has revealed how money from Santa Clara Trading, a company registered to Malema’s cousin, Jimmy Matlebyane, has been channeled into three different accounts.

The company received more than R4m in suspicious payments, in just seven months.

According to the Sunday Times, the money came from companies that looted VBS Mutual Bank including companies that did business with the government of Limpopo and from the EFF’s lawyers.

Speaking to Radio Islam, Van Wyk says while investigations into the EFF, Floyd Shivambu and Malema is a tedious process, they have made significant progress in uncovering the rot of corruption.

She says the revelations were very hard for EFF voters to accept at first.

“As time went on and we received new information and we published new evidence, people realized that ‘this is true’ and we can back up what we say and that the EFF is not taking us to court and they’re not challenging the matter other than on social media and by threats and via their supporters.”

Van Wyk says the one area where there isn’t any progress is with special investigative unit the Hawks.

“People do feel disappointed when the Hawks and prosecuting authority and police are not doing their work. So one would hope at the moment that the Hawks would be very close to arrests of at least the top bankers in VBS Mutual Bank and that they would initiate prosecution they can actually win in court.”

Van Wyk says there’s more focus on the EFF as opposed to other political parties because there is a massive [history] between what they do and what they say.

Listen to the interview with Pauli van Wyk 

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