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Brains behind South Africa's $130m bank scandal jailed
Manage episode 429149035 series 2579897
Tshifhiwa Matodzi was the chairperson of VBS Mutual Bank, which collapsed in 2018 after being looted for years. The scam stretched from impoverished rural villages all the way to government circles and defrauded ordinary South Africans. In court last Wednesday, Matodzi pleaded guilty to 33 counts, including corruption, theft, fraud, money laundering, and racketeering.
See omnystudio.com/listener for privacy information.
353 episodes
Manage episode 429149035 series 2579897
Tshifhiwa Matodzi was the chairperson of VBS Mutual Bank, which collapsed in 2018 after being looted for years. The scam stretched from impoverished rural villages all the way to government circles and defrauded ordinary South Africans. In court last Wednesday, Matodzi pleaded guilty to 33 counts, including corruption, theft, fraud, money laundering, and racketeering.
See omnystudio.com/listener for privacy information.
353 episodes
All episodes
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