The ghost of the ill-fated VBS Mutual Bank is still haunting the Makhado Local Municipality (MLM) – but this time, ironically, not for what was lost but for what was found. Councillors have called for a thorough investigation after municipal officials allegedly failed to declare nearly R12 million paid into the municipality's account by the bank's liquidator.
In December last year, Mr Anoosh Rooplal, the bank's liquidator, announced that another payout would be made to verified credito...