VBS liquidator looks to claw back the money by suing KPMG for R864-million – Daily Maverick

VBS Mutual Bank has filed papers suing KPMG for R864-million, alleging its audit partner Sipho Malaba bagged millions in benefits and cash, lied to the Reserve Bank, acted in bad faith and breached his obligations to VBS. Liquidator Anoosh Rooplal filed the s…

VBS Mutual Bank’s liquidator Anoosh Rooplal has argued in court documents that auditing firm KPMG is liable for reparations because its auditor Sipho Malaba wilfully and in bad faith breached his obl…

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