Former Mahikeng Local Municipality municipal manager, Thabo Isaac Mokoena (61), appeared in court on Tuesday,26 July 2022 facing charges of contravention of the Municipal Finance Management Act (MFMA), as well as the Prevention and Combating of Corrupt Activities Act (PRECCA) linked to over R92 million the municipality invested in the VBS Mutual Bank in 2017.
NPA Regional Spokesperson Henry Mamothame says Mokoena is alleged to have received gratification in the form of credit facilities to purchase two expensive vehicles and a house in Klerksdorp, cumulatively amounting to more than R1,2 million. Preliminary investigations by the Hawks reveal that of the R92 million that was irregularly invested with VBS Mutual Bank, only R7 million was paid back to the Mahikeng local municipality.
He says investigations into the matter have been concluded and the defence attorney was provided with all contents of the docket electronically in December 2021 and other additional disclosures were provided to prepare for trial.
The court extended Mokoena’s R50 000 bail until his next court appearance.
Molopo Regional Court postponed the case to 06 September 2022.