VBS Mutual Bank was a South African mutual bank. In 2018 it was declared insolvent and bankrupt and placed under curatorship, with South African citizens and taxpayers defrauded out of roughly R 2 billion.

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Oct 16, 2018 · Pictures below show the extravagant lifestyles of the people that were implicated in the Sarb report for allegedly taking money from VBS Mutual Bank.

Jun 28, 2018 · Photos from social media that were sent to The Citizen on Thursday strongly suggest that at least some of the luxuries captured in the images below could be linked to the scandal around VBS...

Jul 10, 2024 · Tshifhiwa Matodzi was the chairperson of VBS Mutual Bank, which collapsed in 2018 after being looted for years. The scam stretched from impoverished rural villages all the way to government...

Feb 3, 2024 · By November last year, 32 people had been arrested for their part in the VBS Mutual Bank scandal in which SA citizens and taxpayers were defrauded of about R2bn. But few people have been...

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