Economic Freedom Fighters (EFF)
deputy leader Floyd Shivambu benefited personally from VBS Mutual Bank, Daily
Maverick reported on Thursday.
According to the publication, he
received roughly R10m through a company where his brother, Brian, is the sole
The EFF, the party of which Floyd
is deputy president and where Brian seemingly worked, scooped R1.3m according
to three sources Daily Maverick spoke to.
The forensic report into the
looting and collapse of VBS - which was released on Wednesday - fingered Brian
as one of the main beneficiaries in what advocate Terry Motau, who led the
investigation into VBS, calls "the great bank heist".
Around R2bn was lost. Brian
received more than R16m.
Elias Shivambu, from Malamulele in
Limpopo, confirmed to News24 that Floyd and Brian are his sons, but said he was
not aware of the millions Brian received.
The Hawks and the National
Prosecuting Authority (NPA) also confirmed to News24 that a team of 16
investigators and prosecutors are investigating the matter.
The EFF on Wednesday evening
released a statement saying anyone found to be involved in the fraud and theft
must be prosecuted.
The party has not said anything
about the Shivambu brothers' involvement. It has, however, scheduled a press
conference for next week.