The Municipal Manager of Thulamela Local Municipality, Hlengani Emanuel Maluleke (52) and the former mayor of Thulamela, Avhashoni Stephen Tshifhango (49) have been granted bail.
The two appeared in Thohoyandou Magistrates’ Court on charges of corruption.
The two were arrested on allegations of corruption and maladministration in connection with the looting of the Venda Building Society (VBS) Mutual Bank.
FORMER THULAMELA MAYOR OUT ON BAIL
The former mayor allegedly received a Jeep Cherokee 3.6L VVT Overland valued at R638 400. It was received from the Director of VBS as a gratification for the investment made by the Thulamela Municipality.
LIMPOPO POLITICIANS CAUGHT IN VBS SCANDALS
The municipal manager invested R30 million of municipality money into VBS, in contravention of the Municipal Finance Management Act.
At least 20 municipalities in Limpopo, North West, and Gauteng, lost nearly R1.6 billion after illegally investing with the bank.
The former Thulamela Mayor and the Municipal manager were granted bail of R30 000 each. The matter has been transferred to Polokwane Specialised Commercial Crimes Court on 24 May 2022.