Correctional Services spokesman Manelisi Wolela has denied allegations that student leader Mcebo Dla.
Five Land Bank's senior board members have been sacked, the SABC reported yesterday
However, asked for confirmation, Agriculture and Land Affairs Department spokesman Godfrey Mdhluli was reticent.
"I cannot deny or confirm [the report]," Mdhluli said.
The broadcaster said it had "reliably learnt" the five, including board chairman Lungile Mazwai, had been fired by Agriculture and Land Affairs Minister Lulu Xingwana.
This follows claims that they mismanaged over R1billion of the bank's funds.
Weekend newspapers reported that top officials had siphoned off more than R2billion meant for farmers to fund personal ventures.
Cabinet resolved that a report on a forensic audit about the financial management activities of the bank be referred to the SAPS and National Directorate of Public Prosecutions. - Sapa