SACP: Dozens Of VBS Mutual Bank Depositors Died Virtually Penniless, Buried As Paupers

ROLIVHUWA SADIKI

SOME of the elderly persons who lost their savings with the collapse of the VBS Mutual bank died destitute and were buried like paupers with poor families struggling to give them decent funerals.

Limpopo SA Communist Party provincial spokesperson Machike Thobejane articulated this sad turn of events while welcoming this week’s arrest of eight suspects linked to the collapse of the bank.

“Many of them were buried like paupers with poor families struggling to get a coffin, pay a mortuary or buy food for burial because they had become pauperized by the brazen theft of their savings and their deposits,” Machike said.

“Such a situation is totally untenable. People responsible for that situation must be made to pay back the money. Once found guilty, their properties must be sold to recoup the stolen money,” he added.

The SACP has called for more arrests of all the individuals implicated