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VBS theft, money laundering & life’s little luxuries: Julius Malema’s time of spending dangerously

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The lavish lifestyle and political aspirations of EFF president Julius Malema were funded from the R16m robbed from VBS Mutual Bank. Scorpio’s investigations show how the life savings of the poor and vulnerable VBS-depositors, plus municipalities around South Africa, paid for school-related expenses for Malema’s son, and Gucci, Louis Vuitton and tailored suits from designer Linda Makhanya, a Polokwane party venue and the EFF. https://blog.fraudcracker.com/vbs-theft-money-laundering-lifes-little-luxuries-julius-malemas-time-of-spending-dangerously/

Author: Colette Symanowitz

Director of FraudCracker. Passionate about entrepreneurship, personal branding and networking. I also tweet under @FraudCracker

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