South Africa’s Biggest Bank Heist Leaves Trail of Destruction
- Customers of VBS queue before dawn to recover their deposits
- Directors have been accused of siphoning off 1.5 billion rand
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South Africa’s biggest bank heist took place without a single shot being fired.
Thieves armed with explosives and assault rifles attacked dozens of armored vehicles delivering cash to the country’s lenders last year, stealing hundreds of millions of rand. They’ve allegedly been outdone by five bankers accused of siphoning off at least 1.5 billion rand ($114 million) from VBS Mutual Bank.