Royal Trust: pay up, Luthuli told

2012-06-26 00:00

THE former CEO of the Royal Household Trust, Nkululeko Luthuli, will be expected to pay back the funds he allegedly missapropriated.

This is according to trust chairperson Judge Jerome Ngwenya

Luthuli, a grandson of Nobel laureate Chief Albert Luthuli, resigned a fortnight ago, while facing a disciplinary hearing after an internal probe.

The board suspended him in February after it suspected him of alleged maladministration and misuse of trust funds.

Luthuli resigned earlier this month after notice was given that he would face an internal disicplinary hearing, for allegedly using trust funds for personal use and for irregular expenditure totalling R3 million.

“We accepted his resignation but we will have to recover all the money from him,” said Ngwenya.

Luthuli was not available for comment.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/News

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.