VBS Mutual Bank curator Anoosh Rooplal said former President Jacob Zuma has no legal recourse to challenge the summary granted by the Pietmaritzburg High Court for a debt owed on his home loan, as he consented to the order.
The court granted the summary order to the bank’s liquidators to recoup an outstanding six and half million Rand from Zuma.
Zuma defaulted on a loan of seven point eight million Rand he took out from VBS in 2016. VBS was declared insolvent, bankrupt, and placed under curatorship in 2018.
The news was reported by SABC NEWS.