South Africa's $130 Million Bank Fraud Mastermind Sentenced to 495 Years in Jail | Firstpost Africa
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- เผยแพร่เมื่อ 10 ก.ย. 2024
- South Africa's $130 Million Bank Fraud Mastermind Sentenced to 495 Years in Jail | Firstpost Africa
Justice has been served! Tshifhiwa Matodzi, the former chairperson of VBS Mutual Bank, has been handed a whopping 15-year jail term after pleading guilty to 33 counts, including corruption, theft, fraud, money laundering, and racketeering. Although the combined sentence amounted to 495 years, court ordered the sentences to run concurrently, resulting in an effective 15 years’ imprisonment. Matodzi was arrested alongside several other VBS employees in June 2020, but to date, only he and the chief financial officer have been sentenced. This landmark case underscores the severe consequences of financial crimes and the justice system’s commitment to holding perpetrators accountable.
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They sentence him 15yrs
But he will be out in 3yrs time
15years because he took a plea deal
Malema and floyd very quiet🤔
I'm just wondering how many days it took him to write his more than 60-page affidavit. Let's hope these politicians that's implicated will join him soon.
It's a 263 pages affidavit
@sizakeletwala8033 That's a lot. I bet he started with the finest details of all events that happened, how the money was distributed, and even when they had a R4000 braai and booze for gathering. Pauli Van Wyk was waiting for them to take her to court until today, so that also want to say a lot about this case.
He only got 15 years as part of a plea deal to implicate others, thereby increasing the likelihood of recouping the stolen money.
Will he live 400+yrs?? What's the point in such a sentence??? Although he will be imprisoned for life., all his properties SHUD be sold to make him pay for whatche did. It must be tax payers.momey, hence all that money + penalties shud be given back to that back itself., rather than letting all this go to his family/friends!!
I wish ALL the countries (not just Africa) impose this all over the world, to protect the tax payers money n the further burden if increasing taxes!
Who Knows.....
He’s only serving 15 years
@@tanaka6554how is that going to happen?🤔
@@orientalguy9462all the sentences will run concurrently. 15 yrs for each sentence
15 years for 33 Cases , so it's 495 years. He had a deal with the government to write an Affidavit and as a result, his 33 cases will run concurrently
Note this VBS bank scandal getting more attention AFTER! the general election, was this on purpose?
The sentence is inappropriate unadequate unfair unconstitutional, so this hiigh profile case must apply to all citizens of South Africa 🇿🇦 as well , however this is a major concern to all mafia gang members to attact innocent people my opinion once a high profile case is committed bail is apposed and long term sentence
495years = 15years in jail😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
15 years for 33 cases/counts , so it's 495 years. He had a deal with the government to write an Affidavit and as an agreement sentence of 33 cases, will run concurrently
@@fhatuwaniR"15 years for 33 Cases , so it's 495 years" FACT is he cannot be in jail for 495 years so why even mention it or are they doing it on purpose?
@@nedor64he took a plea deal, he’ll serve a reduced sentence of 15years, of the 495years. Part of the deal is to bring others down with him as a state witness
@@supreme9801 That is not the point, he got 495 years in jail that is the point we are discussing.
@@nedor64 so what’s your point? That he can’t be in jail for 495years? That’s not how the law works
th-cam.com/video/idESwYd_XGM/w-d-xo.htmlsi=DgOv9Qcuu2i9wMaE *next stop phala-phala