VBS Bank Heist | Mogajane denies allegations of bribery against him

JOHANNESBURG – Former Treasury DG, Dondo Mogajane has denied ever pocketing money from the now defunct VBS bank.In a statement, former bank chairperson Tshifhiwa Matodzi implicated Mogajane, saying he pocketed a R1-million bribe.READ: Former VBS Mutual Bank chair sentenced to 495 yearsThis was to keep municipal investments in VBS against the provisions of the Municipal Finance Management Act, which states that municipalities cannot invest in mutual banks.Mogajane has dismissed these allegations as baseless.