Wednesday, May 18, 2022

Malema’s cousin implicated in VBS bank money trail: report

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A cousin of Economic Freedom Fighters leader Julius Malema has been implicated in the VBS bank money trail.

The Mail and Guardian newspaper is reporting that a series of payments link Floyd Shivambu’s brother, Brian, to Malema’s cousin.

The paper reports that the payments, totalling more than R5-million, were made between last June and February this year from a company owned by Brian Shivambu, to a company owned by Malema’s cousin, Matsobane Phaleng.

Julius Malema

According to the Mail and Guardian, the payments range between R500, 000 and R1-million.

A report into looting at VBS reveals Brian Shivambu received R16-million in gratuitous payments.

He insists his hands are clean.

Source: eNCA

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