Monday , May 17 2021

EIF's Shivambu used influence to make VBS Bank loan for parenting



The EFF has shaved out Shivambu of all wrongdoing in VBS Mutual Bank scandal that has his brother.

Floyd Shivambu addresses EFF members outside the state of State research on November 19, 2018. Picture: Abigail Javier / EWN

JOHNESBURG – A new information has arisen by explaining that economic volunteers fighters (EFF) president President Floyd Shivambu used his influence with VBS Mutual Bank's leadership to guarantee a home care for his parents' home.

The Daily MaverickResearch Scorpio told that together with the R16 million in illegal payments VBS also approved a R1.46 million household service registered on the Shivambu's brother Brian surgery.

The EFF has shaved out Shivambu of all wrongdoing in VBS Mutual Bank scandal that has his brother.

Scorpio told that emailed post Shivambu have private discussions with VBS directors to influence them to buy a homeowner well in order to buy a home for his parents in Witpoortjie on the West edge.

In spite of not qualifying, VBS gave a loan to a company owned by Shivambu's brother Brian, which is above $ 36 billion illegally, he got into a clear border scheme for the name of EFF leader Julius Malema, his deputy and the party himself.

Scorpio says there is no evidence that the parents were aware how this homeliness was approved. The couple moved in October 2017 and replaced just a month ago.

Skorpio also says Shivambu refused this statement, while his brother says he got a loan and he paid for it.

Shivambu is not available for monday.

(Approved by Leeto M Khoza)


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