EFF leader Julius Malema used VBS-linked loot to splurge on 'big-ticket' purchases - report | ScrummageD
EFF leader Julius Malema benefited, in part, from the R16.1m which flowed from VBS Mutual Bank to the party's leadership, according to a report. investigation appeared to reveal that Malema, EFF deputy leader Floyd Shivambu, Shivambu's brother Brian, and Malema's cousin Matsobane Phaleng were all implicated in the illicit flow of funds.
"We have offices, but we don't know how much we pay for these offices. You will not find any books of the EFF. There is no consistency, there is no accountability. All you see is them living a flashy lifestyle. The lives they are leading is beyond their financial means," Rawula said at the time. In response to questions about the venue, Phaleng said:"We run our hospitality business at Mekete, and we also host public events and bring famous local and national artists and DJs at Mekete, and we charge for entrance and sell food and beverages".
At the same time, Malema and the party denied Rawula's allegations, with the EFF leader announcing he was suing the former member over his statement. Coinciding with Malema addressing the EFF student command in Johannesburg, in early December 2017, the Mahuna Investments card was also used to pay for purchases at Sandton City Gucci and Louis Vuitton among others. Payments made with the card in Polokwane also reflect during Malema's visits to his hometown.
Malema's house in Sandown, Johannesburg, is reported as another"big-ticket item", with Mahuna Investments effecting four payments totalling around R460 000 towards the house"rented" by Malema since 2012. According to Scorpio, the house was registered as an asset on the EFF"s books earlier this year.
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