Mabala Noise entertainment company has come under the spotlight as EFF leader Julius Malema called for an investigation into the investment.
The company has signed artists like Riky Rick, Nasty C, Khanyi Mbau, Gigi Lamayne, Zakwe and the list goes on.
Meanwhile, the owner of Mabala Noise entertainment company, Reggie Nkambule Nkabinde is also the Treasurer General of the ANC Youth League. Thus, Malema who has been on the toplist of the party’s haters accused Reggie of using the company as a front for money laundering.
He based his argument on the fact that Reggie spends more money than he actually earns.
“Reggie gave each artist registered under Mabala not less than R5million each. Where does Reggie get the money from? No journalist has ever asked that Treasury of the Youth League.”
Malema also alleged; “He brought Chris Brown in Durban during Durban July, paid Chris Brown R10million and he never made back that money, why? Because they were launching that Mabala Noise to go and capture celebrities in the name of them being registered under a progressive company called Mabala Noise, then they take Mabala Noise celebrities into the ANC events.”
From Malema’s perspective, Reggie is just using Mabala Noise as cover up to launder money from Water and Sanitation.
“Where does Reggie make money from Water and Sanitation because he’s got some special kind of a relationship with Nomvula Mokonyane. Nomvula likes them young.
He went on to draw the cycle on how the Reggie and the ruling party benefit from this front.
“That’s how Reggie became a favourite of Nomvula Mokonyane and then received Water and Sanitation tenders as a favourite. Now they are the water money through Reggie – it’s a scheme, it’s racketeering, it’s money laundering – Reggie goes bid (tender) for water and sanitation, then he takes the money, he puts it in Mabala Noise, then the Mabala Noise goes and pays the artists to go and do the dabbing for the ANC. R5million each,” he added.
Nevertheless, CEO of Mabala Noise entertainment company, Sam Lekgota was not in the mood to respond to Malema’s allegation. But, he promised to make an official statement when they confirm the allegations.