VBS fraud suspects granted bail
The six suspects accused of fraud, corruption and money laundering in connection with the VBS Mutual Bank scandal have been granted bail.
They appeared in the Orkney Magistrate’s Court on Wednesday morning.
Nkhensani Ndengeza (45) , Mabaso Nazo (39), Rotshidzwa Khazamula (37), Vuyelwa Matshangaza (38), Mangaliso Matshangaza (37) , and Lazarus Matshangaza (43) were released on R5000 bail each.
The suspects were arrested in Johannesburg, Vryburg, Orkney and Klerksdorp on Tuesday for crimes totalling approximately R2.5 million.
The matter has postponed to 1 August for further investigation.
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