The Sekhukhune District Municipality Executive Mayor Julia Mathebe (51) appeared before the Pretoria Specialised Commercial Crimes Court, this afternoon in relation to the VBS case.
Mathebe (51) alongside Minah Maredi (59) were arrested this morning (Wednesday) by the Serious Corruption Investigation Unit.
Maredi is a former Municipal Manager of Elias Motsoaledi Municipality. She worked with Mathebe while she was Mayor at the Municipality.
BAIL GRANTED FOR VBS ACCUSED SEKHUKHUNE DISTRICT MAYOR JULIA MATHEBE
The arrest was as a result of an ongoing investigation into the VBS Mutual Bank investments that were conducted by municipalities in contravention of the Municipal Finance Management Act.
The municipal manager is said to have been instrumental in investing R190 million municipal funds into the VBS Mutual Bank. The mayor is said to have received over R300 000 in gratification. Which included cash, accommodation and flight tickets.
These were channelled through a company belonging to her children.
Their case was postponed to 2 March 2023 after they were granted bail of R30 000 each.