Friday 7 August 2020
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allafrica.com - 1 month ago

South Africa: Former VBS Mutual Bank Executive Granted Bail

[SAPS] Pretoria -- The eighth suspect, Phillip Truter accused in the VBS Mutual Bank investigation appeared in the Palm Ridge Specialised Commercial Crimes court this morning to face 47 charges of fraud, theft, money laundering, corruption and racketeering . Truter who is the former Chief Financial Officer of VBS was in no position to be arrested initially as he was under quarantine. Truter was arrested on Friday by the Serious Corruption Investigation team.


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