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There have been more arrests for the VBS scandal.
City Press
The Pretoria Specialised Commercial Crimes Court has granted the former mayor and municipal manager of Limpopo's Elias Motsoaledi Municipality R30 000 bail each following their arrest on Wednesday morning.
Julia Mathebe, 51, and Minah Maredi, 59, were arrested in Groblersdal, charged with corruption, money laundering and contravention of the Municipal Finance Management Act and the Banks Act.
The arrests emanated from an investigation by the Hawks into unlawful investments made by municipalities into the defunct Venda Building Society (VBS) Mutual Bank in 2014.
Mathebe is now the mayor of the Sekhukhune District Municipality.
Speaking on allegations against Maredi before the court appearance, Hawks spokesperson Colonel Katlego Mogale said:
The municipal manager is said to have been instrumental in investing R190 million municipal funds into the VBS Mutual Bank wherein the mayor received over R300 000 in gratification which included cash, accommodation and flight tickets. These were channelled through a company belonging to her children.
The case was postponed to 2 March next year.
