Tshifhiwa Matodzi Biography, VBS Mutual Bank, Net Worth, Cars, Hawks

Tshifhiwa Matodzi is a former Chairperson of VBS Mutual Bank and its shareholder Vele Investments. He is the alleged Kingpin behind the R2 Billion VBS Mutual bank money heist.

Tshifhiwa Matodzi Biography, VBS Mutual Bank, Net Worth, Cars, Hawks

Tshifhiwa Matodzi is a former Chairperson of VBS Mutual Bank and its shareholder Vele Investments. He is the alleged Kingpin behind the R2 Billion VBS Mutual bank money heist.

Tshifhiwa Matodzi VBS Mutual Bank

In 2018 the Venda King Toni Mphephu Ramabulana accused the bank of fraud and corruption after he himself was implicated in allegations of millions being splurged to fund the lavish lifestyles of a number of people linked to the bank.

Tshifhiwa Matodzi was the alleged benefactor of R325-million that was looted from VBS. According to the Sunday Times, three months prior to the implosion that befell VBS, Matodzi was enjoying a lavish vacation in the slopes of Alaska.

On 17 June 2020 Tshifhiwa Matodzi was nabbed in an early morning blitz by the Hawks. Nearly two years after a R2-billion theft of VBS Mutual Bank funds was laid bare, several top VBS insiders, including board members and the chief KPMG auditor for the bank were arrested.

 

Tshifhiwa Matodzi Cars, Houses and Net worth

The 43-year-old alleged kingpin of the VBS scandal owns top rage cars, including a Ferrari and a Lamborghini

Matodzi reportedly has two properties in South Africa:

  • An R1.5-million house in the luxurious Eagle Canyon Golf Estate, west of Johannesburg
  • An R1.7-million 9-hectare farm on the outskirts of Pretoria

Despite having assets frozen, Matodzi is reportedly worth R 285 Million

 

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