# The Forum for South Africa has welcomed the disbarment and 10-million-rand fine imposed on Sipho Malaba by the Independent Regulatory Board for Auditors for his role in the collapse of VBS Mutual Bank. FOSA leader Tebogo Msshilompane says this is not justice, it is only administrative punishment. He says the looting of VBS in Thohoyandou, Limpopo was not a technical failure, it was a coordinated betrayal of workers, pensioners, and vulnerable communities:
FOSA welcomes disbarment and R10 million fine imposed on Malaba for looting VBS [SOUND]
ENG TebogoONVBS