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FraudNews
10-30-2018, 04:13 PM
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News24 (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHe9lXP2OOA4slj5Ewysbc3iso1dw&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52780083859581&ei=HIPYW-jyBs2f3QGwlargAw&url=https://www.news24.com/SouthAfrica/News/naidoo-vbs-banks-purpose-obliterated-crippled-by-pillaging-looting-and-extensive-frauds-20181030)


Naidoo: VBS bank's purpose obliterated, crippled by pillaging, looting and extensive frauds (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHe9lXP2OOA4slj5Ewysbc3iso1dw&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52780083859581&ei=HIPYW-jyBs2f3QGwlargAw&url=https://www.news24.com/SouthAfrica/News/naidoo-vbs-banks-purpose-obliterated-crippled-by-pillaging-looting-and-extensive-frauds-20181030)
News24
The fraud and looting coupled with a failure by executive management to properly manage the bank's growth led to the severe liquidity crisis and as a result, it must now be wound up. This is according to an affidavit by Prudential Authority (PA) chief ...

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More... (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHe9lXP2OOA4slj5Ewysbc3iso1dw&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52780083859581&ei=HIPYW-jyBs2f3QGwlargAw&url=https://www.news24.com/SouthAfrica/News/naidoo-vbs-banks-purpose-obliterated-crippled-by-pillaging-looting-and-extensive-frauds-20181030)