EFF opens a case of racketeering and fraud against Mabala Noise owner

ANC Youth League treasurer general and entertainment business mogul Reggie Nkabinde will have his empire comprising 24 companies probed by the Hawks after EFF opened a fraud case against him.

EFF spokesman Mbuyiseni Ndlozi told Sowetan yesterday he had opened racketeering and fraud cases against the flashy businessman. Nkabinde co-owns record label Mabala Noise Entertainment with DJ Bongz.

The stable recently signed artists, who include Ricky Rick, Nasty C, Gigi LaMayne and Khanyi Mbau and were reportedly offered lucrative contracts.

According to Legal City, Nkabinde owns 24 companies that deal in construction, steel, publishing and investment, among others.

Ndlozi confirmed that EFF had a score to settle with Nkabinde.

"We have indeed opened a case against Reggie of the (ANC) Youth League," said Ndlozi, adding that the probe would focus on all Nkabinde's companies.

Source:sundayworld