Suspended Ithala boss, wife in court - KwaZulu-Natal - IOL | Breaking News | South Africa News | World News | Sport | Business | Entertainment | IOL.co.za

Suspended Ithala boss, wife in court - KwaZulu-Natal - IOL | Breaking News | South Africa News | World News | Sport | Business | Entertainment | IOL.co.za: "Suspended Ithala Bank boss, Sipho Shabalala and his wife Ntombi are expected to appear in the Pietermaritzburg Commercial Crime Court for alleged corruption, money laundering and fraud, the Hawks said on Wednesday.
“According to the arrangements Shabalala, his wife and other people are expected to appear in court today (Wednesday),” spokesman Musa Zondi said.
Shabalala was suspended following reports of a criminal investigation against him. His assets including the City Royal Hotel in Pietermaritzburg, his Othandweni farm, Range Rover and Mercedes-Benz were seized during a R200-million tender fraud crackdown by the Hawks and the Asset Forfeiture Unit on August 25. Eight people were arrested during the raids, but Shabalala was not. More people were expected in court for the first time on Wednesday."