CAPE TOWN - The forensic investigator who looked into the rot of VBS Mutual Bank has concluded that the rot in the bank ran too deep to salvage it.

Advocate Terry Motau in his final report said that an amount of R1.8 billion was gratuitously received from VBS by some 53 persons over the period 1 March 2015 to 17 June 2018.

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The forensic has recommended that steps be taken to recoup monies lost at the bank from the following people:



1. Vele and its associates + R936 million

2 Tshifhiwa Matodzi = R325 million.