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

news24.com

- news24.com | 2 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.

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