EFF Floyd Shivambu Slams Claims That He Bought His Range Rover With VBS Money. On Friday it was reportedly stated that the Economic Freedom Fighters Member, Floyd Shivambu, was tangled in another VBS scandal.
On Friday it was reportedly stated that the Economic Freedom Fighters Member, Floyd Shivambu, was tangled in another VBS scandal. The Economic Freedom Fighters member allegedly bought a Range Rover Sport with illegal money from the VBS bank. The vehicle was allegedly registered in the political member’s name until December 2018.
The vehicle was reportedly part of seven high-end cars that Hawks examiners believed were bought at a dealership in Sandton with funds that were looted from the VBS bank. The investigation is supposedly part of an examination into the money laundering and payments that were gave to two organisations, Sgameka and Grand Azania. The director of both organisations is reportedly Brian, Floyd Shivambu’s younger brother. The alleged records that were given to Hawks by the dealership involve forms for a white Range Rover sport that was bought in January 2018, which was allegedly bought in cash by the Economic Freedom Fighters member. The car sells for about R1.1 million.
The owner of the car was thus reportedly moved from him to his cousin, Musa Shivambu, in December 2018. This was at a time when the Economic Freedom Fighters member was investigated as to how he was included in the plundering of the VBS bank. Floyd Shivambu reportedly said that the examination was a part of attacking the Economic Freedom Fighters. “I know of the illegal work done by Werkmans and Bernard Hotz, who are using this money they illegally and unlawfully got from Prasa to investigate EFF leaders,” says Floyd Shivambu according to reports.
The Economic Freedom Fighters member reportedly stated that he purchased the vehicle when he traded in his 2013 range Rover Sport, which was financed, and bought in cash for the shortfall for the new Range Rover. The Economic Freedom Fighters member reportedly says, “I never got any money from VBS, and bought the Range Rover Sport long before I even knew there’s a bank called VBS.”
He went on to say that he will say the facts when he is approached by the Hawks. Floyd Shivambu went on to Twitter to say that journalist will write lies that were offered by Werkmans and Bernard Hotz even though he said that he purchased the vehicle through a trade in. “Despite illustration that the car I own was bought through a trade in of a car financed long before before any VBS and that the difference is nowhere close to theR1 million, the Foolish M&G stooge Journalists still write lies of Werkman & Bernard Hotz (Pauli van Wyk’s friend),” says the Economic Freedom Fighters member.
by Alexandra Ramaite