WATCH | 'It is a fabrication, it is unfounded' - Malema denies VBS allegations

- | 5 months ago

EFF leader Julius Malema has again rubbished claims of his alleged involvement with companies linked to the now defunct VBS Mutual Bank.

Leaving a meeting with the Hawks on Tuesday, where he was scheduled to deliver a warning statement, Malema gave the media a detailed explanation of Mahuna Investments, a company his cousin Matsobane Phaleng owned. The warning statement relates to charges stemming from allegations that he discharged a firearm at a rally in East London.

His comments in connection with VBS, stem from a Daily Maverick Scorpio team investigation which revealed on Monday that Malema, EFF deputy president Floyd Shivambu, Shivambu's brother Brian, and Malema's cousin were implicated in the illicit flow of funds.

read full story