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Showing posts with the label money laundering

The Controversy of Mabala Noise: Was It a Vehicle for Corruption?

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Mabala Noise, ANC, and the Siphoning of Money: Unpacking the Allegations ​The story of Mabala Noise is one of South African entertainment's most spectacular rises and falls. The record label burst onto the scene in 2016, seemingly out of nowhere, with a splash of cash and an impressive roster of top-tier artists. It signed major stars like Nasty C, Riky Rick, and Gigi Lamayne, all in a single, well-publicized event that promised to change the industry forever. Yet, as quickly as it rose to prominence, it began to crumble, giving way to a storm of controversy. At the core of this storm were persistent allegations that Mabala Noise was being used to launder and siphon money from the African National Congress (ANC), a narrative fueled by its co-founder, Reggie Nkabinde's, affiliation with the ANC as the then-Treasurer General of the ANC Youth League (ANCYL). ​The Sudden Rise to Power: A Mysterious Financial Backing ​Mabala Noise’s entry into the music indus...