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The main witness of the current VBS Mutual Bank saga claims that his evidence is out of order after the investigators allegedly betrayed his trust in the exhibitor as the primary informant.
The former treasurer of VBS, Phophi Mukhodobwane, also claims the collapse of VBS, led by attorney Terry Motau, is a racist farce that allows Werksmans Attorneys to extract Millions of dollars in bankruptcy costs.
Motau himself was only a glorified badistant while an almost all-white team did the real work, Mukhodobwane said. He accused the investigators of being authoritarian and superior – "the very essence of money laundering".
The affidavit provided by Mukhodobwane to the investigators formed the basis of all the ongoing legal proceedings initiated by the VBS curator, Anoosh Rooplal. This included a demand for liquidation of VBS 'largest shareholder, Vele Investments, and the sequestration of Vele and VBS bosses, including Mukhodobwane himself. The affidavit details VBS's alleged 1.5 billion rand robbery through false deposits in favor of Vele and related parties.
By making this affidavit public in court, the Conservative put his life at risk, says Mukhodobwane. It was filed with the explicit understanding that it would be confidential, he said.
Legally, the affidavit was out of order because the investigators had improperly handed him over to Rooplal, he said in a new affidavit this week.
The use of his affidavit was "despicable" and he would never have provided information if he knew how it would be used, Mukhodobwane said.
However, Mukhodobwane did not withdraw any of its evidence on the looting of VBS and the alleged payment of bribes, among others, to a "senior executive" still anonymous to the Company. public investment
He claimed that the application for sequestration against himself could not be based on his own evidence. Mukhodobwane portrays the investigators as bullies who are ready to bend the rules when it suits them. According to him, at least one of the forms that he was forced to sign was backdated to be legitimate.
According to Mukhodobwane, the large team of investigators was not properly appointed by the South African Reserve Bank. that the investigations conducted by Werksmans Attorneys are extremely worrying as regards the demographic composition of their teams. There are only two black people in the entire team. The rest of the team is completely white water lily, "said Mukhodobwane.
" This is not an irrelevant consideration, considering that the issue is a black bank being dismembered following investigations by an almost entirely white law firm "
Mukhodobwane also suggested that the curator and investigators were selective as to which parts of his evidence to use and his affidavit detailed an ongoing fight with investigators on access to the transcript of his own interrogation, which he was denied, and suggested that these transcripts prove that the investigators lied to him about confidentiality.
The Conservative's legal team dismissed money belonging to Mukhodobwane as a "proceeds of crime" which he claimed was impeding his ability to pay his own lawyers. been "filed only in order to give the investigative team a few leads to quickly untie the case". They promised to keep his identity secret.
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