DA Institutes Criminal Charges Against EFF Leaders For Looting VBS Funds

The DA’s Marshall Freder says the party is of the view that the looting of the bank has led to unsuspecting, vulnerable clients losing their life savings."The looting of the bank has had serious implications on the provision of services in many municipalities," says Freder.

DA Institutes Criminal Charges Against EFF Leaders For Looting VBS Funds-Surge Zirc SA
EFF’s Julius Malema and Floyd Shivambu Photo credits: Google

The Democratic Alliance is expected to lay criminal charges against the Economic Freedom Fighters’ leadership over the R1.8 million allegedly received by the latter in the VBS Mutual Bank heist.

In a statement released by the DA on Thursday, spokesperson Solly Malatsi said they would lay criminal charges against EFF leader Julius Malema, his deputy Floyd Shivhambu, and other EFF leaders.

READ MORE: We must fight those who fight the poor in SA – David Maynier

The DA’s Marshall Freder says the party is of the view that the looting of the bank has led to unsuspecting, vulnerable clients losing their life savings.”The looting of the bank has had serious implications on the provision of services in many municipalities,” says Freder.

“It is appaling that the EFF would brazenly steal from the poor people it claims to represent. The DA is the only party that will protect all South Africans from the greed of corrupt politicians whether it is the ANC or EFF and criminal charges should be instituted.”

READ MORE: Malema, Shivambu Benefited From VBS cash – report

Meanwhile the Ahmed Kathrada Foundation says the Economic Freedom Fighters (EFF) should focus on the allegations against its members rather than divert attention to what it terms false claims against Public Enterprises Minister Pravin Gordhan. On Tuesday EFF leader Julius Malema led a protest outside the venue of the Commission of Inquiry into State Capture in Johannesburg as Gordhan was testifying.

Several media companies have reported that EFF has received R1.8 million from the bank while Floyd Shivambu received R10 million. A report released by the South African Reserve Bank into the “looting” at VBS Bank named Shivambu’s brother, Brian, as having received R16 million.

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