The regulator of the R160bn medical schemes industry has suspended five senior officials pending the outcome of an investigation into alleged corruption and unethical conduct, and will subject all its executives to a lifestyle audit, it announced on Wednesday.

The latest developments come hard on the heels of a series of events that have rocked the Council for Medical Schemes (CMS), the watchdog agency charged with safeguarding the interests of about 9-million consumers and ensuring medical schemes, brokers and administrators comply with the Medical Schemes Act.

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