Home Crime and Courts Chief Justice Malaba’s nephew arrested

Chief Justice Malaba’s nephew arrested

Chief Justice Luke Malaba

Chief Justice Malaba’s nephew arrested. According to News24 the anti-corruption officers from the Directorate for Priority Crime Investigation, or the Hawks, together with a team of National Prosecuting Service prosecutors from the National Prosecuting Authority (NPA) conducted a massive operation to arrest the suspects on Wednesday.

South African media reports that Justice Luke Malaba‘s nephew Sipho Malaba is being investigated over his alleged involvement in an R2-billion theft of VBS Mutual Bank funds.

The paper said one of the people being investigated is former VBS and Vele Investments chairperson Tshifhiwa Matodzi who is alleged to be the kingpin of the theft of depositor’s funds from the bank.

Sipho Malaba was a chartered accountant who was the engagement partner on the 2017 VBS audit for KPMG. Reports further said Malaba gave an unqualified audit opinion in circumstances where he knew the financial statements were misstated. He also gave a regulatory audit opinion which he knew to be false.

For his role in the alleged grand theft, Malaba is said to have been paid R33.9 million. In 2018, KPMG suspended Sipho Malaba after VBS was placed under curatorship by the South Africa Reserve Bank.

The bank was placed under curatorship after it took large municipal deposits and lent them on a long-term basis and could not meet clients’ withdrawals when the money was required.

Economic Freedom Fighters’ officials Julius Sello Malema and Floyd Shivambu are accused of being beneficiaries of the grand loot.

Source – Bulawayo24 News

In other news – Pictures of Wadiwa WepaMoyo’s Noku that are setting fire on social media

Pictures of Wadiwa WepaMoyo’s Noku that are setting fire on social media. So she became an overnight celebrity and she has been termed the face of the popular online drama Wadiwa WepaMoyo which had become a hit drama in the Lockdown.


The drama has a big following and despite the data tariffs crazy prices people would make sure to watch the latest episode of the… continue reading.