JOHANNESBURG – My name is Brian Shivambu. My name was mentioned in the Report by Advocate Terry Motau SC as part of the people who allegedly benefited from what he termed the VBS Mutual Bank heist.
My company, Sgameka Projects was appointed to provide professional consulting services to Vele Investments in 2017. My company did not have any business relationship, nor did it receive money from VBS Mutual Bank. The contract entered between Vele Investments and Sgameka Projects does not state anywhere that my company will receive payments from VBS Mutual Bank.
Vele Investments told me that since they bank with VBS our company and myself as its Director should open a bank account with VBS Mutual Bank for ease of payments. Receiving money through VBS account does not mean that VBS paid me money.
Sgameka Projects has since 2017 offered the services to Vele Investments and received the monthly payments as stipulated in the contract. My company does not have any business relationship with VBS Mutual bank.
My name has been mentioned in the VBS Report. At no stage did the VBS Mutual Bank investigators write to me or invite me to come explain my working relationship with Vele Investments. It is discomforting and unlawful to pass judgment on anyone without granting them an opportunity to state my case.