Collins Chabane Municipal Manager, Tsakani Charlotte Ngobeni, seemed quickly in court to face charges of corruption and contravention of the Municipal Finance Management Act (MFMA) in reference to the VBS Bank scandal on Friday.
Ngobenu seemed in the Palm Ridge Business Crimes Courtroom in Johannesburg earlier this morning.
Nationwide Prosecuting Authority spokesperson Sipho Ngwema mentioned the declare had alleged that in October 2017 Ngobeni had deposited a sum of R120 million in funds that belonged to the municipality, into an hobby-bearing mounted deposit memoir at VBS Mutual Bank for a length of three months.
Earlier, on 31 Might presumably furthermore simply 2017, the municipality had permitted and adopted an “Investment and Cash Management Protection” which came into discontinuance on 2 June 2017.
“The coverage prohibited the municipality from placing deposits with banks registered through the Banks Act. The municipality was as soon as, because of the this fact, no longer allowed to (keep an) investment with VBS Bank on memoir of it was as soon as no longer registered below the Banks Act,” Ngwenya mentioned.
About a days after that from 28 October 2017 until 30 October 2017, Ngobeni acquired R51 196 for lodging, meals, beverages, spa treatments and spa merchandise purchased at the Fairlawns Boutique Resort and Spa in Morningside, from Moshate FNB memoir.
“This memoir belonged to Kabelo Matsepe, a director of Moshate Investment Community (Pty) Ltd (Moshate), a political activist, and gentle prominent member of the Formative years League of the African Nationwide Congress, in the Limpopo Province,” Ngwenya mentioned.
Matsepe and 13 others are collectively facing 188 counts of racketeering, corruption, fraud, theft, and cash laundering in reference to the VBS corruption scandal. They’re amongst other issues, accused of running a racketeering endeavor geared in opposition to swindling VBS Bank.
“A price of R590 000 was as soon as fabricated from the Robvet memoir below the reference “Commission Fee Moshate” into the VBS ATM settlement memoir on 30 October 2017. In turn, a price of R590 000 was as soon as fabricated from the VBS ATM settlement memoir into the Moshate memoir on 30 October 2017,” Ngwenya mentioned.
The 2 financial institution accounts had been managed by Phophi Londolani Mukhodobwane, a VBS loyal and a co-accused in the VBS racketeering and corruption topic.
“On 31 October 2017, a credit facility for the amount of R1 388 899.54 was as soon as made on hand on the Ngobeni memoir for the acquisition of a Differ Rover Velar 3.0 DSE, a facility that had been previously declined by VBS on the grounds that Ngobeni would possibly presumably per chance no longer manage to pay for the repayments and had an insufficient credit earn,” Ngwenya mentioned.
In December 2017, Matsepe sought to persuade Ramavhunga, furthermore a VBS loyal and an accused individual in the VBS scandal case, and Mukhodobwane to lower the indebtedness of Ngobeni in appreciate of her memoir to an amount of R600 000.
Around 30 January 2018, Matsepe purchased a Mark Heuer women folk’ wristwatch at Arthur Kaplan Mall of Africa fee R28 500, paid for from the Matsepe FNB memoir. Motsepe gave the wristwatch to Ngobeni in Polokwane on 30 January 2018.
“VBS failed to repay the deposit of R120 000 000 along with accrued hobby thereon to the municipality,” he mentioned.
Ngobeni is the 2nd municipal loyal to be arrested in reference to the VBS scandal, after gentle appearing Chief Monetary Officer of the Merafong Municipality, Matthy Wienekus (64). He faces a fee of contravention of the MFMA for depositing R50m into VBS Bank.
Ngobeni was as soon as granted R50 000 bail and the topic was as soon as postponed to 6 Might presumably furthermore simply 2021.