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WATCH LIVE: EFF addresses VBS claims

16 October, 12:02 PM

EFF leader Julius Malema will on Tuesday address the media about claims that the party received more than R1m from large-scale looting at VBS Mutual Bank.

The DA is expected to request Parliament's Joint Committee on Ethics and Members' Interests to investigate EFF chief whip Floyd Shivambu for payments allegedly received from the bank.

This follows last week's revelations of large-scale looting at VBS, which were contained in a report titled "The great bank heist". The report, compiled by advocate Terry Motau and Werksmans Attorneys, was released last Wednesday. In the report, Shivambu's brother Brian Shivambu was identified as one of 27 alleged to have received money from the bank in a "looting scheme" involving R1.8bn. Brian Shivambu is said to have received R16m.

Then, on Thursday, Daily Maverick reported that, of that R16m, about R10m found its way to Floyd Shivambu, and R1.33m to the EFF.

News24 reported on Friday that Shivambu hadn't declared anything in Parliament's Register of Members' Interests since he became an MP in 2014.

Read more: VBS scandal: DA challenges EFF's Shivambu to undergo lifestyle audit.

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