National 19.8.2016 11:10 am

‘Flashy’ Mabala Noise CEO Nkabinde’s millions probed by Hawks

Mabala Noise Entertainment co-founders DJ Bongz and Reggie Nkosi during a press conference. Photo by Gallo Images / Frennie Shivambu

Mabala Noise Entertainment co-founders DJ Bongz and Reggie Nkosi during a press conference. Photo by Gallo Images / Frennie Shivambu

Mabala Noise CEO Reggie Nkabinde is facing charges of racketeering and fraud after the EFF registered cases with Douglasdale police last week.

The Directorate for Priority Crime Investigation (Hawks) are looking into Nkabinde’s 24 companies, which include interests in steel, construction, investment and publishing.

According to The Sowetan, EFF spokesperson Mbuyiseni Ndlozi confirmed the investigation, saying: “We have indeed opened a case against Reggie of the ANC Youth League.”

Nkabinde is the treasurer-general of the youth body. His finances have come under intense scrutiny after his record label, Mabala Noise, first brought Chris Brown, Tinashe, Eve and Slum Village to Durban a few months ago. Shortly afterwards, the label announced the signing of 12 artists, including Nasty C, Latoya Makhene, Mbali Nkosi, Zola 7, Gigi La Mayne and others.

During a press conference held after the elections, EFF leader Julius Malema claimed the artists were each paid R5 million in signing fees. Malema alleged Nkabinde had received millions from tenders sourced from the water and sanitation department.

While Nkabinde has denied paying the artists millions, one of his artists, Khanyi Mbau has spoken out about receiving lots of money that ‘changes lives’. She told Zkhiphani.com all the artists are ‘treated like stars’ and well taken care of. Meanwhile, Hawks spokesperson Brigadier Hangwani Mulaudzi said Nkabinde was yet to be informed of the charges.

“The case was handed over to us and our investigators from the Commercial Crime Unit are on top of it,” he said.

READ MORE: WATCH: Mabala Noise gave us lots of money – Khanyi Mbau

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