The VBS Bank collapse finally in the sights of the Hawks | South Africa

The Directorate for Priority Crime Investigation (the Hawks) in Pretoria has opened a new case in connection with illegal investments involving the failed VBS bank.

The South African Reserve Bank placed VBS under curatorship in 2018 and released a report showing that about 50 people gratuitously received nearly R1.9 billion from the Limpopo-based institution over a three-year period.