R2.3 billion
Total financial exposure
Among 13 accused in main VBS trial. Ordered to pay back R5.6M for vehicles. Claims he was unaware of wrongdoing. Title of Venda King disputed in separate litigation.
Disputed Venda King (title subject to separate litigation). Received ~R17.8M in gratuitous payments from VBS including a Dainfern property (R7.5M purchase + R5M renovation), luxury vehicles (Range Rover, BMW 760i, Mercedes-Benz V250d totalling R5.6M), and a monthly stipend of R300,000. His support for VBS gave the bank credibility in the Venda community. Among 13 accused in main trial. Ordered to pay back R5.6M for the vehicles.
Pain points connected to Toni Mphephu Ramabulana's documented incidents
Received ~R17.8M in gratuitous payments from VBS. His support gave VBS credibility in the Venda community.
Received ~R17.8M in gratuitous payments from VBS. His support gave VBS credibility in the Venda community.
Received ~R17.8M in gratuitous payments from VBS. His support gave VBS credibility in the Venda community.
Received ~R17.8M in gratuitous payments from VBS. His support gave VBS credibility in the Venda community.
Received ~R17.8M in gratuitous payments from VBS. His support gave VBS credibility in the Venda community.