Majority shareholder in VBS Mutual Bank, controlled by Tshifhiwa Matodzi. Primary vehicle for the VBS looting — received R936,669,111 in gratuitous payments (largest single beneficiary per Motau report). Appointed front companies and distributed looted funds. Money flowed from Vele to Sgameka Projects (Brian Shivambu) and onward to Floyd Shivambu and the EFF.