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‘I won’t hand over my assets,’ VBS boss vows


‘I won’t hand over my assets,’ VBS boss vows

The high court has given an order for the final sequestration of former looters at the bank


CEO of Vele Investments and former VBS Mutual Bank COO Robert Madzonga has instructed his lawyers to appeal a final sequestration order against him.

“I’m aware of the court’s decision. I’m appealing, and I will not hand over any of my assets and properties to the liquidators,” Madzonga told Times Select.

“I am presumed innocent until the appeals court says otherwise.”..

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