| 2025/03/06 |
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Media Statement
Malungani was arrested in 13 May 2021 by the Hawks’ Serious Commercial Crime Investigation team. Between 2016 and 2017, Franti General Trading CC operated in Kimberley and failed to submit tax return for that period. This evasion has resulted into SARS suffering a potential loss of R415 339, 84. An intensive investigation by the team landed Malungani, who was one of the company’s accountants to be found guilty on 2 counts of tax evasion and money laundering. He was sentenced as follows: on Count 16, four years’ direct imprisonment, for count 17, four years’ imprisonment and on count 26, four years’ imprisonment of which two years’ is suspended for period of five years’. Ends
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