Former VBS license cannot be restored, but a new license can be issued, according to Livhoyi. Legal proceedings of those involved in the bank saga are ongoing. The first convicted individual, Phillip Truter, has been released on parole.
Recently, former VBS chairperson Tshifhiwa Matodzi was sentenced to 15 years in prison for various crimes. Matodzi revealed that politicians and organizations benefited from the looted money, though all implicated individuals deny the allegations.
Livhoyi expressed discontent with the arrests as they have not resulted in the recovery of lost funds. He highlighted the financial strain faced by those who lost money and urged the culprits to return the money.
\
[ad_2]
Source link
