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VBS liquidators sue Brian Shivambu and his company for R4.2m

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In papers before the high court, SizweNtsalubaGobodo Grant Thornton asks for Sgameka Projects to be placed under liquidation over its alleged breach of a contract

VBS Mutual Bank in Thohoyandou, Limpopo. Picture: ANTONIO MUCHAVE/SOWETAN

Rooplal told Sunday Times two applications had been made — one against Shivambu and the other against his company — to recoup some of the millions lost by VBS. In 2018, Daily Maverick reported that Shivambu used a R1.46m loan to Sgameka to buy a house in Witpoortjie, on Gauteng’s West Rand, for his parents.

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Will anything come of it? 🤔🤔🤔🥴

Ha ha . The wheel does turn ?

And the other missing +/- R2Billion 😱

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