VBS Scandal: Eldo Ndlozi says the report, which implies Brian Shivambu, "too fiction"


EFF deputy Mbuyiseni Ndlozi has blacklisted a report on the massive suicide in VBS Mutual Bank, involving the brother of the main whip of the party Floyd Shivambu.

But, while Ndlozi indicated that the bank was exposed because it was in black ownership, Deputy Governor of the South African Bank (SARB) Kuben Naidoo warned that "if you spoil the bank, we will come for you" black or white.

Naidoo and advocate Terry Motau, who prepared a report together with lawyers Werksmans, informed the Standing Committee on Finance (SCOF) on Wednesday.

The report commissioned by SARB under the title of "Great Bank Heist" contained the assumption that Shivambu's younger brother Brian Shivambu was one of the 27 alleged individuals to receive money from the bank in a "pledge system", which includes R1.8 billion .

Brian Shivambu is supposed to get R16m. Days later, Daily Maverick reports that this R16m, about R10m found the way to Floyd Shivambu and R1.33m to EFF.

Shivambu previously described the accusations as "madness" and "madness".

However, EFF revealed that payments were made to Shivambu brothers.

READ OUT: VBS robbery "racketing its worst" type, Hawks interviewed 65 witnesses

The Parliamentary Ethics Committee is investigating the main whip of the party. He is a regular member of the EFF in the SCOF, but did not attend the meeting on Wednesday. Ndlozi was there in his place.

Chairman of the committee Yunus Carrim said at the beginning of the meeting that he had received a letter from Shivambu in his "typical rough style".

"Would you, as a member of the Central Commission of the Communist Party of South Africa (SACP), agree that you are in a conflict situation given that you received a donation of three million rounds (R3m) from VBS Mutual Bank and Vele Investments?" Shivambu wrote.

"We ask the President to respond honorably and honestly. We also ask the President to intervene quickly, given his urgency and sensitivity."

This was the last paragraph that obviously angered Carrim.

"So, you go again! I ask you to answer honestly and honestly." As if I'm not – and you (all people!) They have to remind me of my duty! Well, let me tell you the following: next time you write a letter, including such an order, I will not respond to you. I ordered the president to do it, "Carrim replied.

"My precise answer to your question: no, certainly, no, I do not know anything about such a donation, and no, certainly, no, I'm not disputable!"

Carrim said he checked with SACP Secretary General Blade Nzimande and his cashier Joyce Moloi-Moropi, both of whom said that SACP did not receive money from VBS or Vele Investments, as Deputy Solicitor General Sally Solly Mapail said.

Carrim told the commission that he had sent a letter to Shivamb and his own, and also informed the speaker of Bale Mbeta and his main whip of Jackson Mthembu.

He suggested that the Committee continue.

Ndlozi said he was "critical of dismissal" that Carrim was responsible.

"I do not think it's a good idea to trivialise him," Ndlozi said.

WATCH: "VBS robbery, return the money" – YES, EFF in the war of words

DA MP David Maynier said that it seemed Ndlozi tactics that the best defense was an attack.

Carrim smiled and Ndlozi said: "So YES is defending SACP?"

"No," said Maynier. "He attacked the EFF."

The committee moved and listened to the presentation of Naidoo and Motau's report.

When the committee members had the opportunity to comment on the presentation or to ask questions, Ndlozi said: "The Motown report does not convince me."

"I think it's very difficult to read the legal document. Sometimes there is too much fiction."

Maynier praised Motau for "convincing writing," which Carrim went in jokes to ask the committee's committees to issue a statement saying that Maynier once complimented somebody.

Members of the ANC welcomed the report.

Ndlozi also asked why some people were named in a report like Brian Shivambu.

Motau said that he understood why Ndlozy asked the name of Shivambu. He said that if he was going to save the case in Shivamb in court, the question would be raised.

"This issue will be dealt with in court," said Motau.

In his letter, Motau said that the banking relationship happened to hit the poorest of the poor, and wrote a report that people on the street could "understand" it.

"If this means a fiction and is the basis for a re-examination, the court decides."

"I think you are dishonest," Ndlozi said. "It's a provocation. The poor can read it!"

"On what legal basis would you give the name of the person in the report who implies that he is a predator?"

At the press briefing after the publication of the report, EFF suggested that the goal of the conspiracy was led by Minister of State Enterprises Pravin Gordhan and officials of the Treasury.

READ OUT: VBS Scandal: Prime Minister Limpopo is in pain to explain why the mayors did not act, politicians

Ndlozi then wanted to know whether Motau met Gordhan when he worked on the report, or with officials of the Ministry of Finance, such as Deputy Director General Ismail Momoniat.

"I did not meet Pravda Gordhana to discuss the report," replied Motau, adding that Gordhan had not seen him for some time. He said that he must report during the investigation, and officials will be present at the meetings.

Carrim said: "So you say that neither Pravin Gordhan nor Ismail Momoniat influenced the report?"

Motau answered affirmatively.

Momonyat was present at the meeting. Earlier this year, he was at the end of the racist ranch Floyd Shivambu.

"Audits of the way of life, we all talk about this. This has to be done," said Momoniat.

Later, Ndlozi played a card. When Hawks and the Attorney General confirmed that they were investigating the case, but he could not say when they were arrested, Ndlozi said: "I do not doubt that there will be a swift criminal prosecution."

He said that this issue was published "especially by the white paper owned by the media".

"The persecution is very fast for the ravines," Ndlozi said.

"Everyone else is allowed to fail."

"[If] Black people found that they did not succeed, you bury them. "

"This is the first time VBS has problems and our first response is to kill them."

He said that the financial industry had maintained a "lily white".

Naidoo said that the last time the bank was discovered at the bank was at Regal Bank.

"We doggedly followed Jeff Levenstein," said Naidoo. Levenstein, founder and CEO, is serving a sentence of eight years for fraud. The bank collapsed in 2001 and was liquidated in 2004.

"We are not interested in whether you are black or white, if you have spoiled the bank that we will come for you," said Naidoo.

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