paraphrase?:

Despite these alleged corrupt activities, VBS continued to struggle and eventually went into curatorship. Investigations revealed extensive fraud and theft, implicating many individuals in the collapse of the bank. National Treasury has maintained that its actions were necessary to protect depositors and end the illegal practices at VBS.

The fallout continues to impact the involved parties and the broader financial system.

1 answer

Even with these purported corrupt practices, VBS faced ongoing challenges and ultimately entered into curatorship. Investigations uncovered significant fraud and theft, involving numerous individuals in the bank's downfall. The National Treasury has insisted that its measures were essential to safeguard depositors and put an end to the illicit activities at VBS.

The repercussions continue to affect those involved and the wider financial system.