Former board chair of the now defunct VBS Mutual Bank, Tshifhiwa Matodzi, has confessed to using his family to channel funds and receive irregular benefits for self-enrichment. He filed the confession at the Pretoria high court as part of a plea deal with the prosecution that saw him receive an effective 15-year jail sentence. Sunday Times journalist Phathu Luvhengo spoke to Business Day TV about the story.
WATCH: How disgraced Tshifhiwa Matodzi funnelled VBS funds via family
Business Day TV speaks to Sunday Times journalist Phathu Luvhengo
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