VBS minority shareholders call for Reserve Bank probe - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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VBS minority shareholders call for Reserve Bank probe The forum of minority shareholders in the defunct VBS Mutual Bank says the Reserve Bank has blocked funds transferred to the now liquidated bank, hampering the recapitalisation plan.

An estimated R2-billion is believed to have been stolen from VBS' coffers in the past few years.says the Reserve Bank has blocked funds transferred to the now liquidated bank, hampering the recapitalisation plan.The minority shareholders held a media briefing at Thohoyandou in Limpopo on Friday to provide an update in the saga.

The forum says those who fail to comply must be prosecuted because they will be deemed to have stolen money.

 

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What recapitalization plan is there for a Bank that has already being placed under curatorship by SARB? VBSMutualBank

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