Radical Economic Freedom Fighters  EFF released a stunning statement on Wednesday, concerning the billions looted through organised fraud, in what it called.

But there are speculations implicating deputy party leader Flod Shivambu’s brother which was not mentioned in the EFF statement.

The EFF notes the forensic report released by the South African Reserve Bank which demnstrate how VBS Mutual Bank was defrauded . The report shows that VBS defrauding is possibly the ‘greatest bank heists’ in South Africa with close to R2 billion of municipal and tax payers money looted.

The EFF reiterateds its position that all who are responsible and illegally benefited from the fraud must be criminally prosecuted immediately. As we have previously indicated, we also reiterate that they must be black listed.

But the Democratic Alliance’s Kevin Mileham has challenged the EFF to come forward and respond to allegations their party leader.

However, there are recommendations  that the implicated parties be referred to the National Prosecuting Authority (NPA) to be criminally charged and that the Asset Forfeiture Unit initiate the process to recover the stolen funds.

The evidence consists of bank statements but this is not included in the report to the South African Reserve Bank, as the investigators’ mandate related to VBS Bank specifically.