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DA Urges Oversight on SAPS Inaction in VBS Bank Corruption Investigation

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Six years after the Democratic Alliance (DA) lodged criminal complaints against Julius Malema and Floyd Shivambu over allegations of corruption involving the now defunct VBS bank, the South African Police Service (SAPS) has remained silent on the progress of their investigations.

The DA has decided to escalate this issue by referring SAPS’s inaction to the Police Portfolio Committee for oversight, seeking clarity on the lack of updates regarding the charges laid against Shivambu and Malema in 2018.

Amidst allegations of massive corruption and looting at VBS, the DA has written to the Police Portfolio Committee Chair, Ian Cameron, urging the summons of SAPS to explain the prolonged delay in resolving the allegations against Malema and Shivambu.

The witness statement from Tshifhiwa Matodzi, the central figure in the VBS scandal, presents evidence suggesting Malema and Shivambu’s involvement in a scheme to defraud VBS bank for personal enrichment purposes, leaving many vulnerable clients devastated.

The alleged actions of Shivambu and Malema are believed to have included extensive efforts to defraud VBS, using the proceeds to fund lavish lifestyles and acquire properties while jeopardizing the financial security of VBS clients, including pensioners and savers.

As public representatives, Members of Parliament are expected to uphold integrity and ethical standards. The misuse of the EFF by Malema and Shivambu for corrupt activities at VBS tarnishes the credibility of Parliament as a law-making institution.

The DA stresses its commitment to combating corruption and insists on holding public office holders accountable for ethical misconduct. Corruption not only harms individuals but widens the trust gap between citizens and the government.

In light of the serious allegations surrounding the VBS saga, the DA calls on the Parliament Portfolio Committee on Police to utilize its oversight role to address SAPS’s prolonged investigation into the charges made in 2018.

Rachel Adams

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