Mileham said bank statements showed that as soon as Sgameka received the alleged "proceeds of crime‚ the money was moved mainly to accounts of the EFF and Matsobane Phaleng's Mahuna Investments". He said Phaleng was Malema's cousin. Mileham said Scorpio had traced a total of R1.8m of VBS money which had allegedly gone toward propping up the EFF.
He said R450‚000 was paid from Mahuna to a property in Sandown‚ whose title deed indicated that it belonged to the EFF. The house was at one stage occupied by Malema.
"I am of the belief that on a proper reading of the article and investigation report it becomes apparent that there is indeed a potentially wide range of criminal offences that were committed‚ including offences in terms of the Prevention of Organised Crime Act‚" Mileham said.
"These possible criminal and/or statutory offences were committed by Julius Malema ... Floyd Shivambu ... Brian Shivambu and Matsobane Phaleng."
This story will be updated with comment from the EFF.
DA opens criminal case against EFF and Julius Malema over 'VBS looting'
Image: Alaister Russell
DA MP Kevin Mileham has opened a criminal case in connection with the "looting" at VBS Mutual Bank against the EFF‚ party leader Julius Malema and his deputy‚ Floyd Shivambu.
Mileham deposed an 11-page affidavit at the Cape Town police station on Thursday‚ quoting various news articles about the bank. He said‚ "l rely upon the veracity of the newspaper reports referred to and that I am deposing this affidavit on the presumption that the reports are factually accurate."
He said in the affidavit that it was well documented how vulnerable people such as mine workers' widows and hard-pressed municipalities had money stolen from them by politicians and corrupt officials through the VBS Bank heist‚ through a variety of illegal schemes.
"One primary beneficiary of the illicit VBS Bank funds was allegedly Sgameka Trading Pty Ltd‚ a company purportedly owned and managed by Brian Shivambu‚ EFF deputy president Floyd Shivambu's brother. Through WhatsApps‚ e-mails and income streams‚ Scorpio‚ an investigative organisation‚ has formed a link between Sgameka Trading ... and VBS Bank. Between June 2017 and February 2018 it received 13 payments totalling R16‚148‚569 in illicit VBS funds."
Scorpio investigation links Malema, EFF to looting of VBS billions
Mileham said bank statements showed that as soon as Sgameka received the alleged "proceeds of crime‚ the money was moved mainly to accounts of the EFF and Matsobane Phaleng's Mahuna Investments". He said Phaleng was Malema's cousin. Mileham said Scorpio had traced a total of R1.8m of VBS money which had allegedly gone toward propping up the EFF.
He said R450‚000 was paid from Mahuna to a property in Sandown‚ whose title deed indicated that it belonged to the EFF. The house was at one stage occupied by Malema.
"I am of the belief that on a proper reading of the article and investigation report it becomes apparent that there is indeed a potentially wide range of criminal offences that were committed‚ including offences in terms of the Prevention of Organised Crime Act‚" Mileham said.
"These possible criminal and/or statutory offences were committed by Julius Malema ... Floyd Shivambu ... Brian Shivambu and Matsobane Phaleng."
This story will be updated with comment from the EFF.
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