On Thursday police raided a building, which is adorned with a Celtic banner, on Elizabeth Street.
According to Times Live, police suspected there were stolen goods there and confiscated beverages worth R500 000 from an adjacent office to one thought to be used by Celtic.
The club have since released a statement, part of which reads: 'Bloemfontein Celtic would like to categorically distance itself from the police raid that took place today (15th February 2018) in one of the buildings at 8 Mariam Makeba / Elizabeth Street.'
Celtic said the building does not belong to them and they have 'absolutely nothing to do with any police investigations'.
Tshabalala added: "Firstly, let me start by sincerely apologising to the Professional Soccer League for any damage this untruthful story might have caused.
"We have our offices at Siwelele Park [in Bayswater] where we daily operate and have training fields.
"I distinctively declare that Celtic has and will not be involved in anything illegal because that will be disrespectful towards our supporters, sponsors and the soccer fraternity at large.
"Such malicious allegations must be condemned with the contempt they deserve because they are to the detriment of the brand."