The ANC Youth League owes R14 million to creditors who suppliedservices and goods for functions, including two conferences this year, the Mail&Guardian reported on Friday.
The newspaper also reported there were questions relating to the whereabouts of the league’s R2 million share of a R20 million payout by Nedbank for its part of a stake it had held in People’s Bank through Lembede’s associate company, the Progressive Youth Investment Company.
These dealings reportedly fell under the previous board of Lembede, which has since commissioned an audit by Gobodo. Lembede is the league’s investment arm.
The league’s spokesman Floyd Shivambu could not immediately comment.