The Black Business Council (BBC) on Tuesday confirmed the suspension of its president Danisa Baloyi after R5 million in donations went missing.
The money was a donation to the business organisation from the Airports Company South Africa (Acsa).
Black Business Council secretary-general George Sebulela says they do not know where the money is but it was certainly not received by the BBC.
Acsa donated money that was supposed to be paid into the BBC's bank account but unfortunately we did not receive it.— George Sebulela, Black Business Council Secretary-General
What we know is that the money was diverted into an account that doesn't belong to the BBC.— George Sebulela, Black Business Council Secretary-General
Sebulela says BBC made a decision that the president be suspended pending an investigation on the matter but that doesn't mean that she is guilty.
The president of BBC is not guilty until proven otherwise.— George Sebulela, Black Business Council Secretary-General
The lawyer representing Danisa Baloyi, Lesley Ramulifho, says the BBC knows very well where the money is and he doesn't understand why they are going after his client.
He says there is an individual who was appointed by the BBC to handle their fundraising, Dominique Ntsele.
As it stands now my client denies any wrong doing and she is cooperating with the ongoing investigations.— Lesley Ramulifho, lawyer representing Danisa Baloyi
This is a simple thing. It is known where the money is so take the necessary legal route or an arbitration if necessary...— Lesley Ramulifho, lawyer representing Danisa Baloyi
To hear more on the missing millions, listen here: