Seven additional men and one woman deemed to be instrumental to the three-year looting spree at VBS Mutual Bank were arrested on Thursday.
They include ANC Limpopo leader Danny Msiza, ANC linked ‘businessman’ Kabelo Matsepe, pastor and former COO of VBS Robert Madzonga, a senior VBS bank manager and three fixers.
The eight is in the process of appearing in the specialised commercial crimes court sitting in Palm Ridge in the East Rand for bail proceedings on Friday.
The seven men were joined in an extension of the existing racketeering certificate relating to VBS bank managers Tshifhiwa Matodzi, Andile Ramavhunga, Phophi Mukhodobwane, KPMG auditor Sipho Malaba and three others. Former bank CFO Philip Truter, already sentenced and doing time for his crimes, will testify against the fourteen accused.