Faizel Patel, Radio Islam News – 11-12-2018
Daily Maverick investigative journalist Pauli Van Wyk has told Radio Islam a home loan bond for Brian Shivambu by VBS Mutual Bank should not have been approved because he did not qualify for it.
However VBS Mutual Bank eventually did grant Brian Shivambu’s company Sgameka the R1,46m home loan after his brother Economic Freedom Fighters (EFF) deputy president Floyd Shivambu had private discussions with VBS chair and kingpin in the bank robbery Tshifhiwa Matodzi.
The loan given to Sgameka Trading was on top of the R16,1-million that Brian Shivambu received in a fronting scheme on behalf Floyd, EFF president Julius Malema and his party, all of which were funded by poor and vulnerable VBS-depositors.
According to the Daily Maverick, the house situated in Witpoortjie on the West Rand was registered to Sgameka as an asset at the behest of Floyd and used for the benefit of the Shivambus in a questionable deal that was not reported in the investigative report titled “The Great Bank Heist.”
Investigative journalist Pauli van Wyk says this is the latest allegations linking Shivambu to the VBS Bank Heist.
“As we proved in a previous investigation, all the money, every cent of it that moved in to Sgameka is proceeds of crime. It was derived from VBS through various illicit schemes and the deals were just fraudulent to fleece money from VBS.”
Van Wyk however says the Shivambu’s parents were unaware of the illicit deal.
“The parents didn’t know where the money came from. They were unaware of the origin of the money that bought the house they lived in. So for that reason we decided not to name them or to reveal where they are staying now.”
Van Wyk says Floyd has not respond to the merit of the question put to him, but did claim that he was being targeted, the report was incorrect, the allegations were rubbish and the publication was racist.
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