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What happens when greed and corruption infiltrate the sacred halls of finance, leaving a trail of devastation in its wake? This explains the VBS scandal in South Africa. It revealed a complicated tangle of fraud, political interference, and mismanagement that led to the bank’s failure.
TABLE OF CONTENTS
- Explaining the VBS scandal
- What are the VBS allegations?
- Key players in the VBS scandal
- Timeline of major developments
- VBS busted (11 March 2018)
- Questions about VBS’s book (18 March 2018)
- Dodgy buyers revealed (1 April 2018)
- The VBS freebies are exposed (29 April 2018)
- Forensics reveals the fraud (24 June 2018)
- Bribery networks exposed (8 July 2018)
- Political ties are confirmed (5 August 2018)
- VBS’s cross-national connection (5 August 2018 and beyond)
- Liquidation (13 November 2018)
- Legal actions and consequences
- Impact on customers and municipalities
- Frequently asked questions
The collapse of VBS …
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