South Africa: Executives, Officials Among 'Looters' Arrested Over U.S.$187 Million VBS Robbery

[Daily Maverick] Eight men were arrested early on Wednesday morning in connection with the theft of R2,7-billion at VBS Mutual Bank between 2015 and 2018. The National Prosecuting Authority issued a racketeering certificate in which the group is accused of being instrumental in the fleecing of the bank's resources and its ultimate implosion. They will be prosecuted for a broad range of crimes, including allegations of racketeering, corruption, money laundering, fraud, bribery and theft, Scorpio was told.