| 2025/03/25 |
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Media Statement FREE STATE – A 70-year-old Bloemfontein businessman is expected to appear before the Bloemfontein Magistrate’s Court on Friday, 28 March 2025, for fraud and money laundering. It is alleged that during the tax period between 2016 to 2024, the suspect, who is a custodian representing the family trust, contravened Section 234 (2) d and Section 234 (2) read with Section 66 (1) of the Tax Administration Act, Act 28 of 2011, for non-compliance and failure to submit Value Added Tax (VAT), Trust Income Tax and Income Tax returns which resulted in SARS suffering a loss of R70 million. A case docket was registered and the matter handed over to the Hawks’ Serious Commercial Crime Investigation in Bloemfontein for further investigation. The suspect was served with summons on 24 March 2025. Ends
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