Arts and theatre guru Welcome Msomi appeared at the Palm Ridge magistrate's court yesterday for allegedly stealing R8m in the Living Legends Legacy Programme trust.
Msomi, who was arrested on Saturday in Durban by the Hawks' serious commercial crime investigation unit, was remanded in custody.
He is expected to appear at the same court on April 2 with legal representation.
According to sources, police pounced on him following a tip-off on his whereabouts.
Sowetan has learnt that Msomi was caught in his hide-out spot in Durban.
Hawks spokesperson Lloyd Ramovha said in a statement: "Msomi was arrested this past weekend in Durban following a probe into R8m that was allegedly stolen from the (LLLP), trust account early this year."
The disappearance of the funds was discovered earlier this year, and a case was opened at the Bramley police station in Johannesburg.
Before the funds disappeared, Msomi allegedly confided in one of the legends about his financial woes.
Acting chairperson of LLLP, Letta Mbulu, said the money disappeared the same afternoon it was deposited on September 18 2018.
It was allegedly moved from the FNB account to a Nedbank account and then transferred to others.
The 76-year-old Msomi is world-renowned for writing and directing theatre play Umabatha, that produced stars like Thembi Mtshali-Jones.
The play is an adaptation of Shakespeare's Macbeth, and details how Mabatha overthrows Dingane.
It was staged in 2016 by the University of Pretoria.