Royal Trust Luthuli resigns as Royal Household Trust CEO

2012-06-14 00:00

NKULULEKO Luthuli, the Royal Household Trust chief executive and grandson of former ANC president Chief Albert Luthuli, has resigned from his post.

“Luthuli resigned on Monday,” trust chairperson Judge Jerome ­Ngwenya confirmed, adding that he could not go into detail about what would happen next.

Luthuli,who holds a bachelor of commerce degree in economics, came under a cloud following an inquiry into the mismanagement of trust funds. He was expected to give answers to internal charges levelled against him.

He had been tasked with overseeing the trust’s R12 million budget and had been the trust’s sole signatory since 2010.

He was suspended in February and an inquiry was instituted and led by advocate Philani Jafta.

The allegations against Luthuli included increasing his over R1 million a year salary without the trust board’s approval, hiring cars for himself and friends at the trust’s expense and paying an insurance excess amount of R87 000 with trust funds when the cars were damaged. The Royal Household Trust was established in 2009 to manage the affairs of the Zulu royal household and to ensure its financial independence.

It falls under the Royal Household Department in the Office of the Premier.

SMSes and calls to Luthuli’s phone were not answered yesterday.

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