A corruption scandal implicating high ranking executives in South Africa. The deputy leader of the Economic Freedom Fighters opposition party Floyd Shivambu is accused of receiving $700,000 from his brother Brian Shivambu from the collapsed VBS Mutual Bank.
South Africa: The fight against corruption [The Morning Call]
It is also alleged that President Cyril Ramaphosa failed to take action despite having knowledge of the widespread corruption at the bank.