Former Acting Merafong Municipality CFO Arrested In Connection With VBS Scandal

Former Merafong Municipality Chief Financial Officer Thys Wienekus has been charged for his role in depositing R50 million with VBS Mutual Bank.

He becomes the ninth accused after seven former bank executives and directors were charged last week.

He appeared in the North Gauteng Commercial Division Court on Thursday morning.

The Hawks have said that 20 municipalities deposited R3.5 billion with VBS before its collapse and R1.5 billion is still outstanding.