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VBS scandal: Three ex-city bosses out on bail

VBS scandal: Three ex-city bosses out on bail

AFRICAN MIRROR REPORTER THREE former municipal bosses, who took ratepayers millions and invested them in the now-defunct VBS Bank have appeared in court after they were arrested by The Hawks, South Africa’s elite crime-fighting unit. The trio was released on bail of R50 000 each and ordered to appear in court on October 22. The three are among the 20 municipal bosses who took R2.7-billion meant for services to ratepayers and deposited it at the VBS Bank in contravention of the Municipal Finance Management Act. The three are Moroashike Mokoena (60), a  former Municipal Manager in West Rand District Municipality,…
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