Seven people arrested in connection with the VBS mutual bank heist will return to the Palm Ridge magistrate’s court on Thursday.
They include the bank’s former chairperson Tshifhiwa Matodzi and CEO Andile Ramavhunga.
Matodzi is believed to be the kingpin of the scheme that robbed pensioners and cash-strapped municipalities of their money.
Earlier this year, all seven accused indicated they would plead not guilty.
On Wednesday, the court sentenced former CFO Phillip Truter to seven years in prison.
Truter pleaded guilty to charges of fraud, corruption, money laundering and racketeering.
He has undertaken to co-operate with the state.
Source: eNCA
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