Malema denies VBS slush fund

- | 5 months ago

Julius Malema has rubbished allegations that he used money siphoned off from VBS Mutual Bank to fund his lavish lifestyle.

An article, published on electronic print publication Daily Maverick, alleges that in July 2018 the EFF leader used the bank card of Mahuna Investments to bankroll R900,000 on clothing items and lodges. The article says Malema spent R27,094 at Gucci and Le Coq Sportif in Sandton City, R30,860 at the Durban July, R11,560 at the Hampshire Hotel in Ballito, R416,900 at the Polokwane party venue Mekete Lodge, and R149 at Nando’s in Vryburg.

Mahuna is owned by Malema's cousin Matsobane Phaleng.

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