FORMER VBS MUTUAL BANK EXECUTIVE IN CUSTODY

PRETORIA – The eighth senior executive suspect in the VBS Mutual bank investigation was arrested on Friday by the Serious Corruption Investigation team.

The suspect who could not be arrested a few weeks ago has recovered from his ailment and is expected to appear in Palm Ridge Specialised Commercial Crimes Court on Monday facing 47 charges of fraud, theft, money laundering, corruption and racketeering.