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Political parties, individuals fingered in VBS Mutual Bank looting

PUBLISHED: Mon, 15 Oct 2018 15:05:44 GMT

CNBC Africa is joined by MD of Banking Association South Africa, Cas Coovadia to unpack the latest VBS saga. The VBS Mutual Bank has collapsed after looting of about R2 billion. High ranking individuals and parties have been implicated in a report which has unlocked a long standing rot raising questions of compliance or non-compliance which went unnoticed till late.


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