Johannesburg - The Economic Freedom Fighters (EFF) has thrown its weight behind its deputy president Floyd Shivambu, whose brother, Brian, allegedly received R16 million from the collapsed VBS Mutual Bank.
''The deputy president has taken the EFF leadership into his confidence and we have no reason to not believe him. We note that several persons mentioned in the [VBS] report are challenging it, any pronouncement on the validity of the report is premature,'' party leader Julius Malema told reporters in Johannesburg.
Neither Shivambu nor the EFF was mentioned in the report, he added.
Media reports alleged that R10 million of the R16 million VBS cash was directed to Brian's brother Floyd, while the EFF benefited to the tune of R1.3 million. The brothers have separately denied receiving cash emanating from the bank.
When asked why the EFF was taking its deputy president's word and not investigating him, Malema said there was no basis to investigate.