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ANC tables motion for debate on the VBS Mutual Bank report

18 October 2018

The African National Congress in Parliament has tabled a motion for debate in the National Assembly on the VBS Mutual Bank Report. The report, as presented by Adv. Motau, who was appointed by the South African Reserve Bank (SARB) to conduct a forensic investigation into VBS Mutual Bank, points to massive fraud committed with about R 1.9 billion looted from the bank.

The ANC Parliamentary Caucus saw it prudent to bring this matter of public importance, affecting the most vulnerable of our people, who invested their hard earned monies in the VBS Mutual Bank, to Parliament for debate. Our stance on this matter is informed by our conviction that those who have been found guilty of any wrong to be processed by our law enforcement agencies.

We further reiterate the stance of our organisation that leaders and members of the ANC who are implicated and/or accused of wrong doing in the report to be referred to the Integrity Commission of the ANC. This is in line with the ANC's 54th Conference Resolutions on combating fraud and corruption and restoring the values and integrity of the ANC.

The motion titled "the VBS Mutual Bank Report: The Great Bank Heist - a matter of public importance" will be debated in the National Assembly on Tuesday, 23 October 2018. The National Assembly Plenary session will start at 14:00. Issued by the Office of the ANC Chief Whip, comrade Jackson Mthembu.

Nonceba Mhlauli

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