The arrested persons will be answering to a combined 188 counts of charges which include theft, fraud, corruption, money laundering and racketeering, the Directorate for Priority Crime Investigation (Hawks) said in a statement. 

"Now that the attendance of a suspected organized criminal group is secured in court, attention needs to be given to those who contributed to the looting from various municipalities as well as undue beneficiaries," National Head of the Hawks Godfrey Lebeya said. 

The VBS institution collapsed back in 2018 after its reserves were plundered by corrupt executives, leaving thousands of customers in financial troubles.

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