Malema on claims that VBS funded his lifestyle: ‘You’re welcome to open case’

Image credit: Twitter/Economic Freedom Fighters South Africa

Economic Freedom Fighters (EFF) leader Julius Malema is seemingly unfazed by latest allegations that VBS Mutual Bank money funded his lifestyle.

The allegations are contained in a Daily Maverick report by investigative journalist Pauli van Wyk published on Sunday.

Nomboniso Gasa, a professor of public law at the University of Cape Town, commented on the allegations on Twitter on Monday.

She suggested that Malema should sue van Wyk if the report is false.

Pauli van Wyk’s detailed break down alleged expenditure of VBS money by @Julius_S_Malema. If she is lying, Malema should sue her. After all, Malema and EFF are keen litigants. If she’s not, Malema should be charged. [Sic]

Nomboniso Gasa

Malema replied to Gasa’s tweet, suggesting that he is not going to sue van Wyk.

You’re welcome to open a case. No one will stop you.

Julius Malema

Mahuna Investments

According to report, Malema used a bank card linked to his cousin’s Mahuna Investments company to pay for shopping sprees, hotel accommodation and party venues, among others.

The EFF leader allegedly spent about R900,000 in July 2018 alone.

Of this, R27,094 reportedly went to Gucci and Le Coq Sportif in Sandton City, R30,860 to the Durban July, and R416,900 to Mekete Lodge, a party venue in Polokwane.

Mahuna Investments reportedly received about R5.3 million from the collapsed VBS Mutual Bank.

The Limpopo-based bank collapsed in 2018 after R1.89 billion was allegedly siphoned from its accounts to 53 entities and individuals.

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