DA to report Shivambu over VBS money allegedly spent on his wedding

citizen.co.za

- citizen.co.za | 2 months ago

The DA said in a statement on Monday that it would be reporting EFF deputy president Floyd Shivambu to parliament’s ethics committee over a report alleging that he had used funds looted from VBS Mutual Bank to pay for his wedding.

The MP allegedly spent more than half a million rand on a “luxurious wedding” in April 2017 using money allegedly linked back to VBS through a company called Grand Azania, which was described in the Daily Maverick as a “slush fund”. The company allegedly received R6.

16 million from VBS Mutual Bank and R8.

read full story @citizen.co.za